Question

An exclusive agency listing incorrectly states that the commission was $6 rather than the 6% that was intended. If the seller sells the property himself, then the real estate broker would receive:

Answer 1

If the commission is incorrectly stated, the broker would still receive the intended 6%. The broker's commission can be calculated by finding 6% of the selling price. Therefore, the broker would receive the commission as intended.

Step-by-step explanation:

If the exclusive agency listing incorrectly states that the commission was $6 instead of the intended 6%, the real estate broker would still be entitled to the 6% commission. The actual commission earned by the broker would then be calculated by finding 6% of the selling price of the property.

For example, if the selling price of the property is $200,000, the broker would receive a commission of 6% of $200,000, which is $12,000.

Therefore, even if the seller sells the property themselves, the real estate broker would still receive the commission that was initially intended, which is 6% of the selling price.