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

Answer:

=$ 3,712.50

Explanation:

Selling price equals to $330,000.00

5 % of $ 330,000= 5/100 x 330,000.00

   =$ 16,500.00

Each of the two brokers gets 50% of $ 16,500.00

each gets 50/100 x $ 16,500= $ 8, 250.00

Daisy gets 55 % from her broker, meaning Daisy's  broker gets 45%

i.e., 45/100 x 8,250.00= 0.45 x 8,250.00

     =$ 3,712.50