1. A salesperson sells another real estate agency's listing for $284,000. If the salesperson's broker will receive 1/2 of a 7% commission on the sale, and the salesperson will receive 40% of the broker's fee, how much will the salesperson's commission be on the transaction?
2. An appraiser evaluating a subject property discovers that comparable houses are selling at the rate of $143 per square foot of living area plus $54,550 for the lot. If the subject property has house dimensions of 28 feet by 38 feet and is 2-stories high, the appraiser's estimate of value is approximately