Final answer:
The statement is false; both the seller's and buyer's agents typically receive their commission payments at the time of closing.
Step-by-step explanation:
The statement that the licensee representing the seller receives his part of the commission at closing, while the buyer's licensee has to wait until after closing to receive her commission check is false. In real estate transactions, both the seller's and buyer's agents usually receive their commission payments at the time of closing. The commission is typically paid by the seller out of the proceeds of the sale and is then split according to the agreement in place between the agents and their representing brokers.