Question
1.Salesperson KHAN of XYZ Real eSTATE lTD. LISTS A PROPERTY with a commission rate of 4.5%. Khan is a 60/40 commission split with the brokerage.
1.Salesperson KHAN of XYZ Real eSTATE lTD. LISTS A PROPERTY with a commission rate of 4.5%. Khan is a 60/40 commission split with the brokerage. Saleperson Garcia of ABC reality Inc., who was a 70/30 commission split with the brokerage, sells the property for $288,800.00. (When the commission split between a brokerage and salesperson is not equal, the brokerage retains the smaller portion). The two brokerages have agreed to a 50/50 distribution of commission betwen listing and selling brokerage. what is the amount of commission payable to each of the parties?
a. XYZ Real Estate Lts.: $2,448.00; Saleperson KHAN : $3,672.00
ABC Realty Ltd. $1,836.00; Saleperson Garcia $4,284.00
b. XYZ Real Estate Ltd. $4,295.90; Saleperson Khan; $1,841.10
ABC Realty Lnc; $2,454.80; Saleperson Garcia; $3,682.20
c.XYZ Real Estate Ltd. $2,454.80; Saleperson Khan; $3,682.20
ABC Realty Inc; $1,841.10; Saleperson Garcia; $4,295.90
d.XYZ Real Estate Ltd; $2,284.80; Saleperson Khan : $3,427.20
ABC Realty Inc; $1,713.60 ; Saleperson Garcia $3,998.40
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