Modern Real Estate Practice Chapter 9 Real Estate Brokerage-
Questions with Correct Answers/ Verified/ 100% Pass
The client must make an express or implied agreement to pay a commission to the broker. -
✔️✔️Explain this sentence. "To recover a commission for brokerage services, a broker must be
employed as the agent of the client."
Independent Contractors - ✔️✔️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 - ✔️✔️A sales associate's contract with her b
Work Set Hours - ✔️✔️When acting as an employee rather than an independent contractor, a sales
associate may be obligated to
Real Estate License - ✔️✔️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 - ✔️✔️A broker would have the right to
dictate this to an independent contractor
$270,000 plus attorney fees and costs - ✔️✔️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 - ✔️✔️A real estate sales associate, classified by
the IRA as an independent contractor, receives
Procuring Cause - ✔️✔️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 - ✔️✔️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 - ✔️✔️The amount of commission paid to a sales associate is
determined by
The agreement does not violate antitrust laws - ✔️✔️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. - ✔️✔️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 - ✔️✔️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. - ✔️✔️A broker has established that any listings taken by any sales associate of that real
estate brokerage must include compensation based on a 7% commission. No lower commission rate
would be acceptable. If the broker attempts to impose this uniform commission requirement, which
statement is true?
$14,575 - ✔️✔️A real estate company has adopted a 100% commission plan. The monthly desk rent
required of sales associates is $1,500, payable on the last day of the month. In August, a sales
associate closed a transaction that earned a commission of $11,370 and a second transaction that
earned a commission of $6,875. The sales associate's additional expenses for the month were
$2,170. How much of the total monthly income did the sales associate keep?
$6,929.68 - ✔️✔️A sales associate took a listing on a house that sold for $329,985. The commission
rate was 5%. A sales associate employed by another broker found the buyer. The seller's broker
received 60% of the commission on the sale; the buyer's broker received 40%. If the seller's broker
kept 30% and paid the seller's sales associate the remainder, how much did the seller's sales
associate earn on this sale?
$6,621.25 - ✔️✔️On the sale of any property, a sales associate's compensation is based on the total
commission paid to the broker. The sales associate receives 30% of the first $2,500, 40% of any
amount between $2,500 and $7,500, and 50% of any amount exceeding $7,500. If a property sells
for $234,500 and the broker's commission rate is 6.5%, what is the sales associate's total
compensation?
Questions with Correct Answers/ Verified/ 100% Pass
The client must make an express or implied agreement to pay a commission to the broker. -
✔️✔️Explain this sentence. "To recover a commission for brokerage services, a broker must be
employed as the agent of the client."
Independent Contractors - ✔️✔️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 - ✔️✔️A sales associate's contract with her b
Work Set Hours - ✔️✔️When acting as an employee rather than an independent contractor, a sales
associate may be obligated to
Real Estate License - ✔️✔️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 - ✔️✔️A broker would have the right to
dictate this to an independent contractor
$270,000 plus attorney fees and costs - ✔️✔️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 - ✔️✔️A real estate sales associate, classified by
the IRA as an independent contractor, receives
Procuring Cause - ✔️✔️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 - ✔️✔️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 - ✔️✔️The amount of commission paid to a sales associate is
determined by
The agreement does not violate antitrust laws - ✔️✔️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. - ✔️✔️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 - ✔️✔️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. - ✔️✔️A broker has established that any listings taken by any sales associate of that real
estate brokerage must include compensation based on a 7% commission. No lower commission rate
would be acceptable. If the broker attempts to impose this uniform commission requirement, which
statement is true?
$14,575 - ✔️✔️A real estate company has adopted a 100% commission plan. The monthly desk rent
required of sales associates is $1,500, payable on the last day of the month. In August, a sales
associate closed a transaction that earned a commission of $11,370 and a second transaction that
earned a commission of $6,875. The sales associate's additional expenses for the month were
$2,170. How much of the total monthly income did the sales associate keep?
$6,929.68 - ✔️✔️A sales associate took a listing on a house that sold for $329,985. The commission
rate was 5%. A sales associate employed by another broker found the buyer. The seller's broker
received 60% of the commission on the sale; the buyer's broker received 40%. If the seller's broker
kept 30% and paid the seller's sales associate the remainder, how much did the seller's sales
associate earn on this sale?
$6,621.25 - ✔️✔️On the sale of any property, a sales associate's compensation is based on the total
commission paid to the broker. The sales associate receives 30% of the first $2,500, 40% of any
amount between $2,500 and $7,500, and 50% of any amount exceeding $7,500. If a property sells
for $234,500 and the broker's commission rate is 6.5%, what is the sales associate's total
compensation?
