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Seller Jones signed an exclusive right to sell listing on her home with Carr Realty for $275,000 at a commission rate of 7% to be
Seller Jones signed an exclusive right to sell listing on her home with Carr Realty for $275,000 at a commission rate of 7% to be paid to Carr at closing. As part of the agreement, broker Carr will split the commission equally with any other broker that can bring a buyer for Jones' property. If another broker sold the property, what PORTION of the commission would he receive? a) 1.75% b) 3.7% c) 7% d) 50%
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