Practice of Real Estate — Real Estate Salesperson — National Exam Practice Test
72 questions in this topic · 30 drawn at random this round
How is a property manager's management fee most commonly structured?
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This Real Estate Salesperson — National Exam Practice of Real Estate practice set has 72 practice questions based on the official exam materials, each with an instant explanation. You need 75% on the real Real Estate Salesperson — National Exam knowledge test to pass.
Sample questions
Three questions from the Practice of Real Estate bank with the correct answer and an explanation. The practice quiz above draws 30 questions at random from the same bank.
A real estate salesperson may lawfully perform licensed activities only when:
- He or she works under the supervision of a sponsoring broker — Correct answer
- He or she has held a license for at least two years
- He or she is a member of the local real estate association
- He or she has registered the brokerage with the IRS
Explanation: A salesperson is licensed under and must work through a sponsoring broker; the salesperson cannot operate independently. All compensation flows from the broker, and the broker is responsible for the salesperson's licensed acts. English term — Salesperson（销售员）: a licensee who must conduct all brokerage activity under the supervision of a sponsoring broker.
Handbook: Practice of Real Estate — Broker/Salesperson Responsibilities & Supervision
The broker's primary responsibility regarding the salespeople affiliated with the brokerage is to:
- Reasonably supervise their licensed activities — Correct answer
- Guarantee each salesperson a minimum annual income
- Personally attend every closing they conduct
- File their individual income tax returns
Explanation: A broker has a legal duty to actively and reasonably supervise the licensed activities of affiliated salespersons; the broker remains responsible for their conduct in the course of brokerage business. English term — Supervision（监督）: a broker's ongoing duty to oversee and direct the licensed acts of affiliated licensees.
Handbook: Practice of Real Estate — Broker/Salesperson Responsibilities & Supervision
When a salesperson earns a commission on a closed transaction, the commission must be paid:
- By his or her sponsoring broker — Correct answer
- Directly by the seller at closing
- Directly by the buyer's lender
- By the title insurance company
Explanation: A salesperson may be compensated for licensed activity only by his or her sponsoring broker — never directly by the buyer, seller, or another brokerage. The broker collects the commission and then pays the salesperson per their agreement. English term — Commission（佣金）: the fee for brokerage services, which a salesperson may receive only from the sponsoring broker.
Handbook: Practice of Real Estate — Broker/Salesperson Responsibilities & Supervision