Question
1. Assume that Jessica, an agent with Coldwell Banker, has aproperty listed for $350,000 at a 50/50 split on a 7% commission. She sells the
1. Assume that Jessica, an agent with Coldwell Banker, has aproperty listed for $350,000 at a 50/50 split on a 7% commission. She sells the property for $346,000. How muchcommission does she make?
1a). Let’s say Jessica does not sell the property, but thatJanet does. She is from a totally different brokeragecompany, Wilson Company. How much does she make and how muchdoes Jessica make?
Step by Step Solution
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There are 3 Steps involved in it
Step: 1
To calculate the commission that Jessica makes in each scenario we need to multiply the sale price ...
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
