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Please show how to solve the problem: A broker list a property , a 7% commission is agreed to , and the listing is placed
Please show how to solve the problem:
A broker list a property , a 7% commission is agreed to , and the listing is placed in the MLS. The sale commission is to be split as follows: 45% to the listing broker and 55% to the selling broker. A sale associate who works for a cooperating broker sells the property for $160,000. The sales associate's agreement with her employer calls for a 60% share to her of all commissions she brings to the company. How much is due the sales associate?
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