Which term refers to the financial remuneration received by agents?

Study for the North Carolina Post Licensing Test. Prepare with flashcards, multiple-choice questions, and detailed explanations. Enhance your readiness for the exam!

The term that refers to the financial remuneration received by agents is compensation. This term broadly encompasses various forms of payment or rewards offered to agents for their services, typically in the context of real estate or sales. Compensation can include commissions, bonuses, and other financial incentives that agents earn based on their performance or the transactions they facilitate.

In real estate, agents often earn a percentage of the sales price of the properties they sell, which is a common form of compensation. This term is appropriate as it captures the complete range of financial benefits that agents may receive.

While reimbursement refers to the repayment of expenses incurred on behalf of a company or client, royalties typically pertain to payments made for the use of intellectual property or for sales of creative works. Salary usually describes a fixed regular payment for work, which may not encompass the commission-based earnings that many real estate agents receive. Therefore, compensation appropriately identifies the varied financial rewards that agents obtain for their efforts in their profession.

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