Real estate brokers serve as intermediaries by bringing buyers and sellers together in the real estate market. For this service, brokers are paid what is commonly referred to as a:
A) commission
B) licensing fee
C) recovery fee
D) listing fee

Question

Quizplus · Accepted Answer

Real estate brokers are typically paid a commission, which is a percentage of the sale price of the property, for their services in connecting buyers and sellers. This commission can vary depending on the location and type of property being sold.

Real Estate Brokers Serve as Intermediaries by Bringing Buyers and Sellers