A house is sold for $105,500 and the commission rate is 6 percent. If the commission is split 60/40 between the selling broker a

Question

2 years ago

7

A house is sold for $105,500 and the commission rate is 6 percent. If the commission is split 60/40 between the selling broker a

nd the listing broker, respectively, and each broker splits his share of the commission evenly with his salesperson, how much will the listing salesperson receive from this sale?

Business

1 answer:

laila [671] · Answer 1 · 2022-08-30T23:43:36+03:00

laila [671]2 years ago

3 0

Answer: The answer is $ 1266.

Explanation: If the commission rate is 6%

The commission is = 105500. 0.06 = 6330

40% is for the listing broker = 6330. 0.4 = 2532

And half is for his salesperson = 2532/2 = 1266.

The listing salesperson receive from this sale $ 1266.