A home you listed sells for $400,000. Your broker receives 6% and you receive 45% of their check. How much do you receive?
Correct Answer
A) $10,800.00
Broker's commission = $400,000 × 0.06 = $24,000. Your share = $24,000 × 0.45 = $10,800
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Previous Question
A home sells for $350,000. The listing side earns 3% and the selling side earns 2.5% of the sale price. The selling agent splits their side 70/30 with their broker. How much does the selling agent earn?
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