Chapter 8 Flashcards
1
Q
Licensing Laws
A
Protects the Public
2
Q
Why do we need licensing laws
A
To protect the public
3
Q
Brokerage
A
A business of bringing parties together
4
Q
Agency
A
Represent the interest of someone else
5
Q
True or False: As an independent contractor, the IRS considers me self-employed
A
True
6
Q
Broker Compensation
A
Effected by participation of other Brokers
7
Q
When is Commission paid for brokers?
A
At the closing
