Question

A building sold for $157,000 The broker's commisssion was 6% and was divided as follows: 10% to the listing person 50% of the balance to the selling broker. What was the listing booker's commission?

Answer 1

Answer:

$942

Explanation:

Given that

Sale value of the building = $157,000

Broker commission = 6%

Listing person commission = 10%

Balance of the selling broker = 50%

By considering the above given information

The listing booker's commission would be

= Sale value of the building × Broker commission rate × Listing person commission rate

= $157,000 × 6% × 10%

= $942