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FACTSBased on health issues, the seller canceled the listing agreement with the consent of the listing agent.  The seller wants to pay the listing agent $2,500 for services rendered.

ISSUEMay the listing agent accept the $2,500?

ANSWERSee Discussion.

DISCUSSION:         

A licensee may receive compensation for services rendered even if a transaction does not close.  However, the $2,500 cannot be paid directly to the licensee.  The funds must first be paid to the brokerage and then paid from the brokerage to the licensee.  See A.R.S. § 32-2155(A).