Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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?

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_2

Step: 3

blur-text-image_step3

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

More Books

Students also viewed these Finance questions

Question

Review and edit the work of your peers

Answered: 1 week ago