Question

A seller requires $235,000 for a property. The broker sells the property for $252,000. If this is a net listing, what is the agent's commission.

Answer 1

The agent's commission is $17,000

Step-by-step explanation:

Since there is a net listing which means the price the broker sold the property is greater than the price required by the seller

Agent's commission = $252,000 - $235,000 = $17,000