What is the maximum amount of commission a broker can receive if they are under a written listing agreement?

The correct response indicates that the maximum amount of commission a broker can receive is stipulated in the written listing agreement between the broker and the seller. The terms of this agreement define the commission rate or amount that the broker will earn upon the successful sale of the property.

This approach allows for flexibility, as both parties can negotiate specific terms based on their unique circumstances and the specifics of the real estate market. Commission rates are not universally fixed and can vary based on many factors, including the broker's services, the property's location, and the overall property value, which is why it's essential to detail these terms in a contract rather than relying on arbitrary percentages or fluctuating market conditions. Thus, the agreed-upon amount ensures clarity and legal binding for both parties involved.