Suppose that a recent purchase of a residential home has been facilitated equally by a listing agent and a buyer broker. Based on your understanding of how commissions are determined, which of the following scenarios best describes who would be entitled a commission upon sale of the property (Note: For simplicity, you can assume the seller did not procure the buyer on their own)?
A) Only the listing broker
B) Only the buyer broker
C) Both the listing broker and the buyer broker
D) Neither the listing broker nor the buyer broker

Question

Quizplus · Accepted Answer

In this scenario, the commission would typically be shared equally between the listing broker and the buyer broker, as both played a role in facilitating the sale. This is often outlined in the listing agreement and buyer representation agreement signed by both parties.

Suppose That a Recent Purchase of a Residential Home Has