Performance Broker (China) Practice Questions - National Qualification Examination For Performance Brokers (全国演出经纪人员资格认定考试) Exam

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Under Book III (Contracts) of the PRC Civil Code, what is the primary distinction between an Intermediary Contract (中介合同) and a Commission Agency Contract (行纪合同) in performance brokerage practice?

An intermediary contract requires a government official to witness the signing, whereas a commission agency contract is signed only by private entities A commission agency contract cannot involve any remuneration, whereas an intermediary contract mandates a fixed 50% commission rate An intermediary contract is strictly limited to real estate, whereas a commission agency contract is exclusive to live entertainment In an intermediary contract, the broker reports opportunities or introduces parties without acting in its own name; in a commission agency contract, the broker conducts transactions in its own name for the principal

Correct Answer:

In an intermediary contract, the broker reports opportunities or introduces parties without acting in its own name; in a commission agency contract, the broker conducts transactions in its own name for the principal

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