General - Chapter 5 Lesson 4 Flashcards
1
Q
Commission
A
based on percentage of the sales price of properties in closed transactions
2
Q
As a licensee you receive your commission from…
A
your employing broker when one of your transactions closes
3
Q
Referral fees/finder’s fees
A
paid from one employing broker to another employing broker for directing a buyer or seller to a real estate licensee in that brokerage
4
Q
seller authorizes a listing agent to pay commission to a cooperating broker…
A
it doesn’t imply any agency relationship between seller and cooperating broker
5
Q
Broker demand letters
A
settlement officer knows how much each broker receives
6
Q
$ is not…
A
required, agency, standard
7
Q
A
