In Illinois, commissions earned in a real estate transaction are:
A. Change yearly based on the GNP
B. are determined by an agreement between Broker and Principle
C. are based on a schedule of commission rates set by the Illinois Real Estate Commission
D. May be shared with an unlicensed person provided that person's name not appear as a payee on the commission check
Commissions are always negotiated, not set by any organization.
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Educating realtors for 20 years
Exam Details
Illinois Specific Sales Agent Real Estate Exam.
Taken: 3,547 times
Added: 9/16/2008
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Audience: Professional

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Real Estate License
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