143. No independent representative or independent partnership may share a commission except with another independent representative or independent partnership, a firm that is not a deposit institution or a trust company, or a broker or agency governed by the Real Estate Brokerage Act (chapter C‐73.2).
The commission shall be shared in accordance with the procedure determined by regulation.
Independent representatives and independent partnerships shall enter every sharing of a commission in a register in the manner prescribed by regulation.
A person receiving an amount from the sharing of a commission made in accordance with this section is not required, by virtue of that fact, to be registered with the Authority under the third paragraph of section 71.
1998, c. 37, s. 143; 2008, c. 9, s. 140; 2018, c. 23, s. 547112018, c. 23, s. 54712.