Question

The listing and selling brokers agree to split a 7% commission fifty-fifty on a $387,600 sale. The listing broker gives the listing licensee 30% of his commission and the selling broker gives the selling licensee 35% of his commission. How much does the selling licensee earn from the sale?

Answer 1

Answer:

4,748.1

Explanation:

the commission will be obtain by multiplying the commison fee rate by thje alue of the real state:

sales x commision fee

387,600 x 7% = 27,132‬

Now this is split 50%

27,132 / 2 = 13,566‬

We now thatthe selling broker gives 35% of his commision

sales fee:

65% salesperson

35% selling person

So the selling licensee will earn:

13,566/0.35 = 4,748.1