Modern Real Estate Practice Chapter 9 Real Estate Brokerage Quiz with 100% Correct Answers
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Real Estate
Institution
Real Estate
Modern Real Estate Practice Chapter 9 Real Estate
Brokerage Quiz with 100% Correct Answers
The client must make an express or implied agreement to pay a commission to the
broker. - Answer️️ -Explain this sentence. "To recover a commission for
brokerage services, a broker must be employed as...
Modern Real Estate Practice Chapter 9 Real Estate
Brokerage Quiz with 100% Correct Answers
The client must make an express or implied agreement to pay a commission to the
broker. - Answer✔️✔️-Explain this sentence. "To recover a commission for
brokerage services, a broker must be employed as the agent of the client."
Independent Contractors - Answer✔️✔️-Sales associates who are paid in a lump
sum and who are personally responsible for paying their own taxes are probably
treated for tax purposes as
An Employee - Answer✔️✔️-A sales associate's contract with her b
Work Set Hours - Answer✔️✔️-When acting as an employee rather than an
independent contractor, a sales associate may be obligated to
Real Estate License - Answer✔️✔️-Terry is the personal assistant of a real estate
sales associate. Terry must be paid by the broker who employs the sales associate .
This means that Terry has a
Conduct In Compliance With Statutory Law and Regulations - Answer✔️✔️-A
broker would have the right to dictate this to an independent contractor
$270,000 plus attorney fees and costs - Answer✔️✔️-Two real estate professionals
were found guilty of conspiring with each other to allocate real estate brokerage
markets. A seller suffered a $90,000 loss because of their activities. If the seller
bring a civil suit against the two real estate professionals, what can the seller
expect to recover.
A Negotiated Share of Commission on Transactions - Answer✔️✔️-A real estate
sales associate, classified by the IRA as an independent contractor, receives
Procuring Cause - Answer✔️✔️-A real estate broker was responsible for a chain of
events that resulted in the sale of a client's property. This is called
Price Fixing - Answer✔️✔️-A broker was accused of violating antitrust laws. Of the
following, the broker was MOST likely accused of. not having EHO sign in
window, undisclosed dual agency, price fixing, unlicensed exchange services.
Mutual Agreement with the Broker - Answer✔️✔️-The amount of commission paid
to a sales associate is determined by
The agreement does not violate antitrust laws - Answer✔️✔️-Two sales associates
who work for the same firm agree to divide their town into a northern region and a
southern region; one sales associates will handle listings in the north, and the other
will handle listings in the south. Does this agreement violate antitrust laws?
The rules and regulations have the same force and effect as the license law itself. -
Answer✔️✔️-A state has recently updated its Rules and Regulations for the Real
Estate Profession. Assuming this state is like all others, what is true about this
publication?
The sales associate may receive compensation only from the broker - Answer✔️✔️-
After a particularly challenging transaction finally closes, the client gives a sales
associate a check for $500 "for all your extra work." Who is the only person the
sales associate may receive compensation from?
The broker may, as a matter of office policy, legally set the minimum commission
rate acceptable for the firm. - Answer✔️✔️-A broker has established that any listings
taken by any sales associate of that real estate brokerage must include
2
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