Question

The sale of a single-family house produced a total commission of $45,825. The sales associate who was responsible for bringing the buyer to the transaction has a 60/40 commission split arrangement with the employing broker, with the sales associate receiving the 60 percent. If the total commission was split between the listing and selling firms, what is the commission that the buyer's sales associate will receive

Answer 1

The commission that the buyer's sales associate will receive will be $13747.50.

How to calculate the commission?

From the information given, the sale of a single-family house produced a total commission of $45,825.

The sales associate who was responsible for bringing the buyer to the transaction has a 60/40 commission split arrangement with the employing broker, with the sales associate receiving the 60 percent.

Therefore, the commission that the buyer's sales associate will receive will be:

= 60% × (50% × $45825)

= $13747.50

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