Yes, but the Real Estate License Act states that, as a license holder, you may only receive compensation from more than one party if you have the full knowledge and consent of all parties. It's also a good idea for you to get the necessary consents in writing. The new MLS policy also requires that if you act as a buyer's representative that you can only receive the amount of compensation referenced in the written buyer/tenant representation agreement. If the amount to be paid is above that amount, you will have to request that your buyer amend the buyer/tenant representation agreement to increase the amount you are to be paid to reflect the additional payment from the seller. The buyer does not have to agree to amend. Also, NAR has stated that there needs to be a reason for amending the buyer/tenant representation to increase the amount you are paid such as additional work completed for the buyer.

In addition to the legal requirement, Article 7 of the REALTOR® Code of Ethics states that "in a transaction, REALTORS® shall not accept compensation from more than one party, even if permitted by law, without disclosure to all parties and the informed consent of the REALTOR®'s client or clients." However, the legal requirement puts a greater obligation on you than the REALTOR® Code of Ethics because it requires the consent of all parties and not just the consent of the REALTOR®'s client.