Answer:
A - Total commission = €3,000
B - Money from seller = €2,000
B - Money from buyer = €1,000
Step-by-step explanation:
- The estate agent gets 2% commission of the value of the property sold.
- The buyer pays 1/3 of the value of the commission.
-The seller pays the rest which is 2/3 of the value of the commission
Now, the property was sold for € 150,000.
Therefore, the 2% charge for the agent will be 2% x €150,000 = €3,000
A third of that from the buyer is ;
1/3 x €3,000 = €1,000
While the rest which is two-thirds from the seller will be; 2/3 x €3,000 = €2,000
