Kovats Real Estate School Practice Test

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Enhance your real estate knowledge with the Kovats Real Estate School Test. Explore flashcards and multiple-choice questions with hints and explanations. Prepare confidently for your real estate exam!

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

Practice this question and more.

A salesperson may accept a commission from which party?

The client directly
A cooperating broker
The employing broker
Any real estate agent

The correct answer is: The employing broker

A salesperson can accept a commission from the employing broker because the employing broker is ultimately responsible for compensating their agents. In a typical real estate transaction, the salesperson acts as a representative of the broker, and any commissions earned during a transaction go to the broker first. The broker then pays the salesperson their agreed-upon share or commission split. This structure is fundamental to how real estate transactions operate and reflects the relationship between salespersons and their employing brokers within the industry. It is important to note that while the salesperson may have conversations about potential commissions with clients or cooperating brokers, the legal and financial structure of real estate transactions mandates that the employing broker is the actual party to disburse commissions to the salesperson.