SALESPERSON PRACTICE EXAMINATION
2026 QUESTIONS WITH SOLUTIONS
GRADED A+
>> Brokerage
Answer: Business of real estate
>> Independent Contractor
Answer: Salesperson status in most states
>> Employee
Answer: Broker pays taxes, benefits
>> Commission Split
Answer: Percentage to salesperson
>> Desk Fee
Answer: Flat fee paid by agent
>> Franchise
Answer: Affiliated with national brand
>> Multiple Listing Service
Answer: MLS; cooperative marketing
>> Broker Price Opinion