Question

Which of the following must be satisfied in order for an agent to receive a commission from a transaction...?

AThe agent must have held a valid real estate license prior to the start of the transaction
BThe transaction must close
CThe seller must receive a profit from the transaction, which can be used to pay the broker commission
DAll of the above

Answer 1

The correct answer is D. All of the above.

All of the above conditions must be satisfied in order for an agent to receive a commission from a transaction.

Step-by-step explanation:

In order for an agent to receive a commission from a transaction, all of the following must be satisfied:

1. The agent must have held a valid real estate license prior to the start of the transaction.
2. The transaction must close.
3. The seller must receive a profit from the transaction, which can be used to pay the broker commission.

If any of these conditions are not met, the agent may not receive a commission.