Which of the following is true of real estate commissions?

Multiple Choice

If the seller has not given the broker a specific closing date, the broker can assume a reasonable closing date and can also claim a commission for an incomplete sale.

If the seller has not given the broker specific terms on price, the broker can sell the property on his own terms and claim a commission.

If the seller has not given the broker a specific closing date, the law assumes the contract to end 30 days after the creation of the contract, but the broker will not be entitled for a commission.

If the seller has not given the broker specific terms of price or closing date, then the commission is not earned until the contract of purchase has been made.