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A Salesperson will keep a copy of the trade record sheet as a matter of record and as an evidence of the commission amount paid by the brokerage. True or False

User Jiyun
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Final answer:

It is true that a salesperson will keep a copy of the trade record sheet for record-keeping and to evidence the commission paid by the brokerage. This document is essential for financial tracking and tax reporting.

Step-by-step explanation:

The statement that a salesperson will keep a copy of the trade record sheet as a matter of record and as evidence of the commission amount paid by the brokerage is true.

In the realm of sales and brokerage, it is standard practice for salespeople to retain documents that detail their transactions and commissions.

A trade record sheet serves as an official record of the sales made and the commission to be paid. These documents are important for various reasons, including financial tracking, tax reporting, and dispute resolution.

Therefore, retaining a copy of the trade record sheet benefits both the salesperson and the brokerage firm.

User Henrik Leijon
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