25,020 views
7 votes
7 votes
A broker or sales associate who owns interest in a title company that they recommend to a buyer is required to:

User BSavaliya
by
3.1k points

1 Answer

15 votes
15 votes

Answer:

A salesman or saleswoman is a person whose job it is to sell goods or services within a specific territory, in a physical location, or over the phone.

Who typically foots the bill for a salesperson who works independently?

Independent contractors are in charge of covering their own income taxes as well as Social Security and Medicare. The hiring broker is not permitted to withhold any money from the earnings. A licensed real estate salesperson and broker agreed in writing that the salesperson is not an employee of the broker.

The broker for the listed salesperson earned the following sum:

$329,985 5% 60% = $9,899.55

The listing broker kept the following sum:

$9,899.55 30% = $2969.87 (rounded to the nearest cent).

Earnings of the salesperson:

$9,899.55 - $2,969.87 = $6,929.68.

Step-by-step explanation:

User Deepak Singh
by
3.1k points