E) Brokerage commission is included in the cost of land.
A broker is a person who connects the buyer of a land or property to the seller of a property or land.
When a deal is finalized between a buyer and a seller through a broker then a broker receives a commission for the deal. The bigger the deal, the more will be the commission of the broker.
Hence, when you are interested to buy a piece of land, the price of the brokerage commission is included in the cost at which you will buy the land. However, the commission of the broker can be changed upon request.
The question will correctly be written as:
Which of the following is included in the cost of land?
A) The cost of fencing
B) The cost of paving
C) The cost of clearing the land
D) The cost of outdoor lighting
E) Brokerage commission
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