Multiple choice 1 Flashcards

1
Q

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

A

D. all of the above

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2
Q

The broker is paid:

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

A

d. all of the above

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3
Q

The book of business and client list are owned by:

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

A

B. The broker (or brokerage)

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