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Florida Real Estate Course
Chapter 12
Florida Real Estate Practice Question
A closing is scheduled for next week. The broker would like the closing agent to prepare a check payable to the sales associate for the associate’s share of the commission. Which statement is TRUE?
Answer choices
A
The closing agent is required by law to make the check payable to the brokerage company.
B
The broker may telephone the closing agent with instructions on how to disperse the escrow funds due the sales associate.
C
The broker may enter into a written blanket authorization with the closing agent to always make the sales associates’ commission payable to the associate.
D
The broker must give specific written instructions to the closing agent regarding the exact amount of commission due the sales associate for next week’s closing.
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