Test Drive Quiz

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1.  Which of the following statements is TRUE about mobile home sales?

 a) - A real estate agent can sell new mobile homes.
 b) - A real estate agent can sell a mobile home in a rental park space.
 c) - A real estate agent can sell a mobile home with the land it is sited on.
 d) - Both (b) and (c)


2.  To be regarded as an independent contractor by the IRS, a real estate salesperson must be:

 a) - paid a salary.
 b) - responsible to a broker.
 c) - working under a broker-salesperson contract states that the salesperson shall be treated as an independent contractor for tax purposes.
 d) - supervised in detail by the broker.


3.  For salespeople who are considered employees, brokers should carry:

 a) - unemployment insurance.
 b) - workers compensation.
 c) - minimum wage requirements.
 d) - all of the above


4.  A sliding commission scale that rises as sales volume increases, benefits the broker in which of the following ways?

 a) - It motivates salespeople
 b) - It will help retain top producers
 c) - Both (a) and (b)
 d) - Neither (a) nor (b)