Practice, Math, and Disclosures Practice Question
Question
A seller is preparing to list a residential property in a Florida real estate transaction involving commission math. What should the licensee understand? (Item 133)
Answer choices
- A. Calculate commission from sale price and agreed percentage.
- B. A licensee may give legal conclusions instead of recommending qualified legal advice when the issue is uncertain.
- C. A verbal understanding always replaces any written requirement in a real estate transaction.
- D. The licensee should avoid documenting the issue to reduce the chance of later questions.
Correct Answer
A. Calculate commission from sale price and agreed percentage.
Explanation
The correct answer is A because commission math requires candidates to calculate commission from sale price and agreed percentage. The other options rely on unsafe assumptions about custom, oral agreement, escrow, client preference, or independent salesperson authority and do not reflect sound Florida exam practice.
Question details
- Difficulty: easy
- Domain: Practice, Math, and Disclosures
- Objective: commission math