Multiple choice 1

Question 1

Employed agents are paid;

a. A salary
b. A salary plus cash bonus
c. A salary plus commission based on sales
d. all of the above

Answer 1

D. all of the above

Question 2

The broker is paid:

a. A salary
b. Salary plus commission
c. straight commission
d. all of the above

Answer 2

d. all of the above

Question 3

The book of business and client list are owned by:

a. the Insurer
b. the broker (or brokerage)
c. jointly by both

Answer 3

B. The broker (or brokerage)