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3. You are a paralegal involved in a real estate sale transaction. The contract provides that the real estate commission is to be 6 percent
3. You are a paralegal involved in a real estate sale transaction. The contract provides that the real estate commission is to be 6 percent of the contract price for the real property. The con-tract price for the real property is $116,000. The contract also indicates that two brokers are involved, Ajax Realty Company and Beta Realty Company. The commission is to be split 50/50 between these two companies. In addition, Ajax Realty Company has $2500 earnest money from the purchaser. What information do you need from the parties to prepare lines 700, 701, and 702 of Exhibit 15-20
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