RSA 331-A:16-b Commission Payments to Unlicensed Entities.

Title: XXX - OCCUPATIONS AND PROFESSIONS Chapter: 331-A - NEW HAMPSHIRE REAL ESTATE PRACTICE ACT

I. A principal broker may pay all or part of a fee, commission, or other compensation earned by his or her firm, broker, associate broker, or salesperson to a partnership, association, limited liability company, limited liability partnership, or corporation only if all of the following conditions are satisfied:
(a) All of the partners, members, officers, or shareholders of any unlicensed business entity, including a partnership, association, limited liability company, limited liability partnership, or corporation, hold a valid and active license issued under this chapter.
(b) At least one of the partners, members, officers, or shareholders of the unlicensed business entity, including a partnership, association, limited liability company, limited liability partnership, or

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