Question

A building sold for $157,000. The brokerage divided the 6% commission as follows: 10% to the listing salesperson; 1/2 of the balance to the selling salesperson. What was the listing salesperson's commission

Answer 1

the listing sales person commission is $942

Step-by-step explanation:

The computation of the listing sales person commission is as follows

= Sale value of the building × commission percentage ÷ listing percentage

= $157,000 × 0.06 ÷ 0.10

= $942

Hence, the listing sales person commission is $942

We simply applied the above formula so that the correct value could come

And, the same is to be considered