A broker listed a house at $300,000 and sold the home at 95% of the asking price. The listing broker paid out 45% of the total 6% fee to the selling broker, who paid the selling associate 60% of the amount that came to the office. How much did the selling associate get paid?

Question

Business

Cher

15 August, 06:24

A broker listed a house at $300,000 and sold the home at 95% of the asking price. The listing broker paid out 45% of the total 6% fee to the selling broker, who paid the selling associate 60% of the amount that came to the office. How much did the selling associate get paid?

+2

Answers (1)

Know the Answer?

Quentin Kidd · Answer 1

95% of list price = $300,000 x. 95 = $285,000. $285,000 X. 06 = $17,100 X. 45 = $7,695 X. 60 = $4617. It is common for two brokers to share: one lists the property working with the seller and another broker sells the property working with the buyer; each broker splits the amount of fee to the office with the associate who worked the transaction.