At a closing review in Miami, a broker asks for the total commission on a sale price of $280,000 at 5.00%. What is the total commission?
Correct Answer
C) $14,000
Multiply the sale price by the commission rate: $280,000 × 5.00% = $14,000. Under Florida brokerage practice, any sales-associate share would flow through the broker, but the total commission is $14,000.
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Broker Sarah places a newspaper ad that reads: 'Beautiful 3BR/2BA home for sale. Call Sarah at 555-1234.' The ad does not include her brokerage firm's name. What violation has occurred under Florida law?
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