What is required for a broker to enforce a commission collection?

To enforce a commission collection, a broker must have a signed written agreement for commission payment. This requirement is crucial because it provides clear evidence of the terms agreed upon by both parties. A written agreement delineates the specific duties, responsibilities, and compensation for services rendered, ensuring that there is mutual understanding and legal standing in the transaction.

Verbal agreements, while possibly binding, often lead to disputes due to misunderstandings or varied recollections of the terms. A signed document, on the other hand, serves as a formal acknowledgment of the agreement, which can be legally enforced in court if necessary. This written contract protects both the broker's right to commission and the client's obligation to pay, making it a vital component of professional real estate transactions.

Other options may imply that informal agreements or arrangements could be sufficient, but without formalization through written consent, it becomes challenging to prove the terms of the commission agreement or to resolve any disputes that may arise later. Thus, having a signed written agreement is essential for enforcing commission payments effectively.