Which section of a residential listing agreement begins with a bold notice that states The amount of rate of real estate commission is not fixed by law

Question

Social Studies

Chaos

4 November, 07:57

Which section of a residential listing agreement begins with a bold notice that states The amount of rate of real estate commission is not fixed by law

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Answers (1)

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Xiomara Molina · Answer 1

The section in the residential listing agreement which says about the commission of the broker is the : compensation to broker.

Explanation:

The Residential listing agreement is the proper description of the property that is to be sold by a seller and to be bought by the buyer. It consists in it the whole details of that particular property.

It includes the terms and the conditions of the agreement including the rights to sell that particular property and the price at which it is to be sold. The commission that the broker will get is also stated in the agreement and it has a notice which says that the commission is not fixed by the law which is included in the section compensation to broker.