Two salespersons from different firms agree to work together on a commercial building one has listed. The listing salesperson agrees to directly pay the other salesperson 25% of the listing commission for this help. Which of the following statements BEST describes this agreement?

While mutual agreement is important in business transactions, it does not override legal and regulatory requirements. In this case, even with agreement, the direct sharing of commissions is not legally permissible without the involvement of their respective brokerages.

Salespersons are not inherently free to share commissions; such arrangements are subject to specific laws and brokerage policies. Commission sharing typically requires structured agreements and must occur through the brokers to ensure compliance with industry regulations.

Although having a written agreement is generally a good practice in business, the primary issue in this scenario is not the absence of a written document but rather the illegality of the commission-sharing arrangement itself. Therefore, even a written agreement would not validate an illegal transaction.