As a Realtor, Jake, Does Not Receive a Base Salary

question 98

Short Answer

As a realtor, Jake, does not receive a base salary, but rather receives 2% of the cost of each house he sells as his compensation, which is also known as a ________ plan.

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Definitions:

China

A country in East Asia, known for being the most populous nation and having one of the world's largest economies.

Economy

A system through which the production, distribution, and consumption of goods and services are organized and managed in a particular area or country.

Communists

Individuals or parties that advocate for a classless society in which the means of production are owned communally and private property is nonexistent or severely curtailed.

Theory

A system of ideas intended to explain something, based on general principles independent of the thing being explained.