Question

You sold a home for $183,000. The commission was 7%. Thirty percent goes to the listing sales associate. Twenty-five percent goes to the selling sales associate. How much goes to the listing sales associate?

a) $3,202
b) $3,843
c) $4,483
d) $12,810

Answer 1

The listing sales associate receives $3,843 from the sale of the home, which represents 30% of the total 7% commission on the $183,000 sale price.

Step-by-step explanation:

To determine how much goes to the listing sales associate from the sale of a home with a 7% commission, we first need to calculate the total commission amount. The total commission is 7% of the $183,000 sale price:

Total commission = 0.07 * $183,000 = $12,810.

Now we calculate what 30% of this commission would be, as this is the portion that goes to the listing sales associate:

Amount to listing sales associate = 0.30 * $12,810 = $3,843.

Therefore, the amount that goes to the listing sales associate is $3,843.