Real Estate Math Chapter 4: Compensation Flashcards
1
Q
What is a Listing Broker?
A
Person working with the Seller
2
Q
What is a Selling Broker?
A
Person working with the Buyer
3
Q
What is the Person working with the seller also known as?
A
Listing broker
4
Q
What is the Person working with the buyer also known as?
A
Selling Broker
5
Q
What is a co-op commission?
A
Paid to selling broker (also getting paid my own as a listing comission)
6
Q
What is a Procuring Cause?
A
The person that’s going to get paid on the selling broker side.
the person that introduces the series of events that leads to the transaction
