Wally is a salesperson working for Broker Virgil. Wally sells a $150,000 home, that was listed with another office. The listed commission is 6.5 percent of the selling price. Out of this amount, 5% is payable to the referral network that referred the buyer, 35 percent goes to the listing broker, and 60 percent belongs to the cooperating broker. Broker Virgil and Wally agreed that Wally would receive 55 percent of any commission that he generated for the office. For this transaction, Wally is entitled to receive:
a) $1,462.50
b) $2,025.00
c) $3,237.50
d) $4,050.00
