Question

A property has sold for $185,000. The listing agreement calls for a commission of 6.5%. The listing broker and selling broker agree to share the commission equally. What will the listing agent receive if the agent is scheduled to get a 65% share from his broker?

Answer 1

Answer:

First we need to find out the total commission which is 6.5%

0.065*185000=12025

Out of this the listing broker will get 50%

0.5*12025= 6012.5

Out of this the agent will get 65 percent of that

0.65*6012.5=3908.125 is the amount that the listing agent will receive from his broker.

Explanation: