A broker enters into a listing agreement with a seller under which the seller will receive $22,000 from the sale of a lot and the broker will receive any sale proceeds over this amount. This type of listing is a(n)
A) gross listing.
B) legal and ethical way to ensure that the broker is compensated.
C) exclusive agency.
D) net listing.
Answer: D) net listing.
You might also like to view...
________ is a discomfort caused by postpurchase conflict
A) Selective retention B) Cognitive dissonance C) Selective attention D) Restraint bias E) Subliminal perception
The sales director of RealPlan has developed a sales team training session to address the differences between consumer and business buyers. Which of the following is a true statement that should be included in the training session?
A) In business sales, the initial contact is almost never the actual purchaser. B) In business sales, more than one person may be involved in the purchasing decision. C) In consumer sales, emotion plays a more significant role than logic in decision making. D) In consumer sales, a new-task buy is the most common type of purchasing situation. E) In consumer sales, even low-cost items involve significant consumer involvement.