Sales agents may receive commissions from:

Unlock all questions

This demo includes only 20 questions. Upgrade to access hundreds of questions, flashcards, exam simulations, and disable ads.

Full question bankExam simulationsFlashcards
From $24.99Unlock all

Prepare for the Real Estate Principles 1 Exam. Use flashcards and multiple-choice questions with hints and explanations to ensure success. Get exam-ready today!

Multiple Choice

Sales agents may receive commissions from:

Explanation:
The payments to sales agents are handled by the sponsoring broker. In normal real estate practice, the seller’s proceeds at closing cover the total commission agreed in the listing, and the sponsoring broker distributes the funds to the agents according to the brokerage agreement. The client (buyer or seller) doesn’t write a direct commission check to the agent, and lenders or the Real Estate Board don’t pay commissions. The sponsor—the broker through whom the agent is licensed—is the entity responsible for paying out the agents’ commissions.

The payments to sales agents are handled by the sponsoring broker. In normal real estate practice, the seller’s proceeds at closing cover the total commission agreed in the listing, and the sponsoring broker distributes the funds to the agents according to the brokerage agreement. The client (buyer or seller) doesn’t write a direct commission check to the agent, and lenders or the Real Estate Board don’t pay commissions. The sponsor—the broker through whom the agent is licensed—is the entity responsible for paying out the agents’ commissions.

More Multiple Choice Questions
Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy