A licensed real estate salesman may lawfully receive a commission from a the

A licensed real estate salesman may lawfully receive

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16. A licensed real estate salesman may lawfully receive a commission from a. the buyer.b. the seller.c. the title company.d. his broker. 17. Broker commissions for the sale of real property are usually based on 18. A licensed salesperson participating in a real estate transaction is allowed to accept a commission from 19. A residence was listed at $100,000 and sold for 92% of that amount. The rate of commission was 6%, and was divided equally between the selling and listing brokers. How much did each broker get? 20. A licensed salesperson is paid 2% commission on all sales that he produces. How much dollar volume of real estate would she have to sell each month to make $3,500 per month? a. $122,900b. $135,000c. $175,000d. $210,000 21. In an area where the multiple listing commission split is 50/50, a broker sells anotherbroker's 6% listing for $105,000. How much commission will the selling broker receive? 22. A residence originally listed at $92,000 sold for 7% less than that. If the listing broker gets half of the 6% sales commission and he gives his salesperson 60% of that, how much does the listing salesperson receive? (rounded to the nearest dollar)
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23. A real estate licensee draws $1,000 per month from her broker against future commissions. Last year, she sold $2,000,000 worth of property. If she makes 3% gross commissions on all sales, how much did she earn last year? 24. The broker/manager receives 45% of the commissions on all sales made through her office. What would she receive on monthly sales totaling $252,000 at an average 3.7% commission (rounded to the nearest dollar)? a. $9,324b. $4,196c. $7,527d. $3,765 25. Broker Alice was to receive 6% on a property she had listed for $170,000. How much commission would she receive if the owner accepted an offer which reduced the price by 4%? 26. A real estate listing 27. A listing to find a buyer for each of the following properties will usually be for a period of time ranging from six months to one year EXCEPT
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