18) A seller agreed to a 5% commission on a sale price of $175,000. The brokerage split with salespeople is 30/70, with 30% remaining with the company. How much is the sales associates share if the sales associate both lists and sells the property?

a. $2,625

b. $6,125

c. $8,750

d. None of these

20) The commission on the sale of a house was $16,500, which was based on a 7.5% commission rate. What was the final selling price of the house?

a. $127,000

b. $145,000

c. $199,000

d. $220,000

21) The broker listed a home for $360,000 under a 90-day exclusive-right-to-sell listing agreement with a 6% commission. The next week, the broker began advertising the home in a local paper and showed the property to two prospective buyers. Later that week, the seller announced that he had decided to sell his home to a relative for $340,000. The seller is liable to the broker for

a. $1,200.

b. $20,400.

c. $21,600.

d. none of these.

This is for Real Estate Finance