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Additional Commission Disclosure Quiz

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Questions and Answers

What is the purpose of the Mandatory Additional Commission Charge by Keller Williams Platinum Realty?

To cover specific costs related to document review and settlement preparation (correct)

To pay for advertising expenses for the agency

To discourage buyers and sellers from using the services of Keller Williams Platinum Realty

To increase profits for the real estate agency

Under what circumstances can the Mandatory Additional Commission Charge be reduced?

For clients who are not represented by an agent

For first-time homebuyers only

In the case of bank-owned properties or short sales (correct)

If the property is located outside Pennsylvania

What specific activities are coordinated by Keller Williams Platinum Realty office personnel as part of the commission charge?

Legal representation at closing

Home inspection services

Settlement preparation activities (correct)

Interior design consultation

How long are documents stored by Keller Williams Platinum Realty as part of the commission charge?

7 years Signup and view all the answers

What is the purpose of providing the HUD or ALTA to customers upon request?

For tax purposes Signup and view all the answers

What does the Mandatory Additional Commission Charge NOT cover?

Transaction commission Signup and view all the answers

In your own words, please give a brief explanation of this document as you would present it to client. (Role Play)

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Additional Commission Disclosure Quiz

Choose a study mode

Podcast

Questions and Answers

What is the purpose of the Mandatory Additional Commission Charge by Keller Williams Platinum Realty?

Under what circumstances can the Mandatory Additional Commission Charge be reduced?

What specific activities are coordinated by Keller Williams Platinum Realty office personnel as part of the commission charge?

How long are documents stored by Keller Williams Platinum Realty as part of the commission charge?

What is the purpose of providing the HUD or ALTA to customers upon request?

What does the Mandatory Additional Commission Charge NOT cover?

In your own words, please give a brief explanation of this document as you would present it to client. (Role Play)

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