General - Chapter 5 Lesson 4 Flashcards
1
Q
Terms of commission split are…
A
negotiated between you and your broker
2
Q
Dangling commission
A
still accept commission from previous broker after moving
3
Q
T-Math
A
Commission Rate X Sales Price = Commission
Commission/Commission Rate=Sales Price
Commission/Sales Price=commission rate
4
Q
Commission schedule
A
commission percentage decreases as the sale price of the prop increases
5
Q
Don’t adjust commission without the consent of…
A
employing broker
6
Q
franchise
A
may be required to subtract a franchise fee off the top of the commission before any of it is distributed to you
7
Q
in-house transaction
A
broker may split commission differently
8
Q
Compensation to cooperating brokers?
A
YES!
9
Q
Compensation from Third Parties?
A
YES!
10
Q
Compensation form Two Parties?
A
YES!
