Occasionally a broker is compensated based on a predetermined sale price, and the broker retains any amount of the actual sale price above that amount. this is known as a:_______

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25-07-2022
Business

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Occasionally a broker is compensated based on a predetermined sale price, and the broker retains any amount of the actual sale price above that amount. this is known as a:_______

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tripatsingh039 tripatsingh039 · Answer 1 · 2022-08-05T08:39:40+02:00

Occasionally a broker is compensated based on a predetermined sale price, and the broker retains any amount of the actual sale price above that amount. this is known as a listing.

A broker is a person or organization that arranges deals between a buyer and a seller in return for a commission once the transaction is closed. Brokers who act as buyers' and sellers' agents are considered primary participants in the transaction.

A listing agreement gives the agent the right to represent you and your house to prospective buyers. It states that this individual alone is authorized to supervise the property's listing and sale management as a real estate agent. The signing of this contract marks the official beginning of the home selling procedure. Listing improves shareholders' capacity to realize the value of their shares by promoting liquidity. It makes it possible for shareholders to exchange their shares of the company, sharing the risks and profiting from any increase in organizational value.

To know more about listing refer to: https://brainly.com/question/14567981

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