Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Jessica's house sells for $235,000 and she pays a 6% real estate commission to the listing broker, Oscar. Oscar keeps 55% and gives the co-operating

image text in transcribed
Jessica's house sells for $235,000 and she pays a 6% real estate commission to the listing broker, Oscar. Oscar keeps 55% and gives the co-operating broker the balance of the sales commission. If Harry, the listing broker's agent, earns 65% of the commission that his broker receives, how much commission does Harry earn? $4,124.25 (Dollars) $9,165.00 (Dollars) $5,040.75 (Dollars) $5,689.25 (Dollars) James sold his home for $379,000. If the real estate commission was 5.5%, how much commission did he have to pay? $20,845 to the listing broker. $10,422.50 to the listing broker and $10,422.50 to the selling broker. $20,845 to the buyer's broker. $45,845 to the listing agent

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Handbook Of Experimental Finance

Authors: Sascha Füllbrunn, Ernan Haruvy

1st Edition

1800372329, 978-1800372320

More Books

Students also viewed these Finance questions