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Real Estate Broker Commissions
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Real Estate Broker Commissions

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Questions and Answers

What determines the broker commissions in real estate?

  • Real estate trade associations' policies
  • Negotiation between the broker and client (correct)
  • Industry standards and practices
  • Laws and regulations

    • Can the compensation paid to a real estate broker be changed?

  • Yes, it is fully negotiable (correct)
  • No, it is fixed by law
  • No, it is determined by industry standards
  • Yes, but only by a real estate trade association

    • What is the role of real estate trade associations in setting broker commissions?

  • They have no role in setting commission rates (correct)
  • They set the commission rates
  • They determine the commission rates based on experience
  • They provide guidelines for commission rates

    • What factor influences the broker commission in a real estate transaction?

    <p>Negotiation between the broker and client</p> Signup and view all the answers

    How are broker commissions typically determined in real estate transactions?

    <p>Through negotiation between the broker and client</p> Signup and view all the answers

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