Owners list their house with BBT Realty. A salesperson for AAA Realty obtains permission from BBT Realty to show the property. If the salesperson from AAA Realty presents an offer that the sellers accept, the sellers would pay commission to the:
Commission would be paid to the principal broker of BBT Realty.
When a property is listed with a brokerage, the commission from a successful sale is typically paid to the principal broker of that brokerage. In this case, since the house is listed with BBT Realty and the offer was accepted, the commission goes to BBT Realty's principal broker.
While the salesperson at BBT Realty may have initially listed the property, commissions are usually paid to the brokerage rather than individual salespeople. The salesperson's earnings are typically derived from the commission paid to the brokerage, following the established company policy.
The principal broker of BBT Realty is the correct answer as they receive the commission from the sale of the property listed under their brokerage. This broker is responsible for overseeing transactions and distributing commissions to salespersons according to their agreements.
The salesperson from AAA Realty facilitated the showing and presented the offer, but since the listing agreement is with BBT Realty, they would not receive the commission directly. Their role is to represent the buyers, and any commission they earn would come from their brokerage, not from the listing brokerage.
The principal broker of AAA Realty would not receive a commission from the sale of a property listed with another brokerage. Their role is to oversee the activities of their own salespeople, and they would only earn a commission if they were directly involved in a transaction concerning properties listed under their own brokerage.
In real estate transactions, commissions are typically paid to the principal brokers of the brokerages involved, rather than individual salespeople. Since the house is listed with BBT Realty, the principal broker of BBT Realty will receive the commission once the sellers accept an offer presented by the salesperson from AAA Realty. This structure ensures clear accountability and compliance with real estate regulations.
Related Questions
View allIn order to advertise a property through social media, a licensee MUST...
In a fiduciary relationship, which of the following duties is an oblig...
Unrepresented buyers tell a listing broker they want to make a $120,00...
A real estate agent finds a discolored area on the corner of a house n...
When listing a home, the seller is concerned that buyers may object to...
Related Quizzes
View allAlabama Property and Casualty License Practice Exam
California Real Estate Practice Final Exam Answers
PSI National Real Estate License Exam Prep
Colorado State Real Estate License Exam
Illinois Real Estate Exam Prep Online
Free Illinois Real Estate Exam Practice Test
Illinois Real Estate Broker Exam Prep
Illinois Real Estate Exam Study Guide PDF
Illinois National Real Estate Exam
Illinois Real Estate State Exam Questions
- ✓ 500+ Practice Questions
- ✓ Detailed Explanations
- ✓ Progress Analytics
- ✓ Exam Simulations