Real Estate Broker Commissions
5 Questions
0 Views

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to lesson

Podcast

Play an AI-generated podcast conversation about this lesson

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

    More Like This

    Real Estate Broker Rights Quiz
    10 questions

    Real Estate Broker Rights Quiz

    OticOlive avatar
    OticOlive
    Metro Broker Academy Final Test 2021
    99 questions

    Metro Broker Academy Final Test 2021

    StylishPeach4517 avatar
    StylishPeach4517
    Real Estate Brokers: Working Relationships
    49 questions

    Real Estate Brokers: Working Relationships

    ValuableHeliotrope3747 avatar
    ValuableHeliotrope3747
    Use Quizgecko on...
    Browser
    Open
    Browser
    Browser