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Exam term

Earned and payable

A commission is earned when the broker performs, but may not be payable until a stated condition is met; a failed payment condition can prevent enforcement.

Lessons that use this term

  • Broker's commission: antitrust law, commission liens, and sales associate compensation Florida

Exam prep

  • Insurance
  • Real Estate
  • SAFE MLO
  • SIE

Study help

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