Question

What is the most common commission cap range that artist unions impose on agents?

A. 5% to 10%
B. 10% to 20%
C. 20% to 30%
D. 30% to 40%

Answer 1

Artist unions generally impose a commission cap range on agents between 10% to 20%. This cap ensures artists receive fair pay while allowing agents reasonable compensation.

Step-by-step explanation:

The most common commission cap range that artist unions impose on agents is typically B. 10% to 20%. This rate can vary depending on the specific union agreements and the norms within each artistic industry, whether it be for actors, musicians, or visual artists.

The intent behind these caps is to ensure that the artists receive a fair share of the earnings from their work while compensating the agents for their services within reasonable limits.