Sandy is a real estate agent who has entered into an agency relationship with Jim, a homeowner, to sell Jim's house. They agreed upon a flat fee for Sandy as compensation for a successful transaction. What other means of compensation may be agreed upon between the two ...

Percentage of the sales price

Percentage of the sales price

Explanation:

Real estate brokers are usually paid through:

commission depending on the sales price: for example a real estate agent can charge a 3% commission on the final closing price of the property. The commission is paid on the selling price, not the listing price. flat sales commissions: not that common but a broker can accept it. Generally flat fee realtors do not offer a complete service, although it depends on the broker and the property, there is no one rule fits all.