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1. Assume that Hank, an agent with Remax, has a property listed for $125,000 at a 50/50 split on a 5% commission. He sells the
1. Assume that Hank, an agent with Remax, has a property listed for $125,000 at a 50/50 split on a 5% commission. He sells the property for $120,000. How much commission does he make? 2. Let's say Hank does not sell the property, but that Paula does. She is from a totally different brokerage company, Century 21. How much does she make and how much does Hank make? 3. Now suppose Hank has a 70/30 commission split. He makes the sale for $120,000 and no other agency is involved. How much commission does he make? 1. Assume that Hank, an agent with Remax, has a property listed for $125,000 at a 50/50 split on a 5% commission. He sells the property for $120,000. How much commission does he make? 2. Let's say Hank does not sell the property, but that Paula does. She is from a totally different brokerage company, Century 21. How much does she make and how much does Hank make? 3. Now suppose Hank has a 70/30 commission split. He makes the sale for $120,000 and no other agency is involved. How much commission does he make
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