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29 July, 04:28

The listing and selling brokers agree to split a 7% commission fifty-fifty on a $387,600 sale. The listing broker gives the listing licensee 30% of his commission and the selling broker gives the selling licensee 35% of his commission. How much does the selling licensee earn from the sale?

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  1. 29 July, 05:53
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    4,748.1

    Explanation:

    the commission will be obtain by multiplying the commison fee rate by thje alue of the real state:

    sales x commision fee

    387,600 x 7% = 27,132‬

    Now this is split 50%

    27,132 / 2 = 13,566‬

    We now thatthe selling broker gives 35% of his commision

    sales fee:

    65% salesperson

    35% selling person

    So the selling licensee will earn:

    13,566/0.35 = 4,748.1
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