To find out how much the agency made on the house, we first need to calculate the commission they earned. The commission rate for the agency is 4.5%, which means they earn 4.5% of the sale price.
Commission for agency = 4.5% of $395,000 = 0.045 x $395,000 = $17,775
So the agency made $17,775 on the house sale.
Next, we need to calculate the commission earned by the agent. The commission rate for the agent is 30% of the amount the agency gets. We already know the agency commission from the previous calculation, so we can use that to find the agent commission.
Commission for agent = 30% of $17,775 = 0.30 x $17,775 = $5,332.50
So the agent earned $5,332.50 in commission.