Question

Agent Daisy agrees to a 5% commission to list a home at $330,000. The property is sold through another cooperating brokerage with that firm to receive 50% of the total commission on the $330,000 sale. If Daisy receives 55% of her broker’s commission and does not bring the buyer. How much does Daisy’s broker receive from the sale?

Answer 1

The total amount that Daisy was to receive prior to the house being sold by another brokerage is:
0.05(330,000)
=$16500
Given that the house is sold through another brokerage and Daisy is set to receive the 45% of the commission, the amount Daisy will receive will be:
0.45(16500)
=$7425