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Liono4ka [1.6K]
3 years ago
12

A seller listed a home for $200,000 and agreed to pay a commission rate of 5%. The MLS stated that the commission would be share

d between the listing office and the selling office on a 50-50 basis. The home was sold four weeks later for 90% of the list price. The listing broker paid the listing sales associate 50% of the listing office's commission. The selling broker paid the selling associate 60% of the selling office commission. How much commission did the selling sales associate receive
Business
1 answer:
Virty [35]3 years ago
3 0

Answer:

The answer is: $2,700

Explanation:

The house sold for $180,000 (= 90% x $200,000).

The total commission was $9,000 (= $180,000 x 5%), split in half between listing office and selling office.

The selling broker received his $4,500 commission, and then h paid his selling associate 60% of it.

The selling associate received a $2,700 commission (= 60% x $4,500)

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