Question

Elaine is going to hire a listing broker to sell her house, with an estimated price of $200,000. She believes she will be able to negotiate a 5% commission. Based on real estate conventions, A Option A: her broker will get $20,000. B Option B: the cooperating broker's firm will get $2,000. C Option C: her broker's firm will receive $5,000. D Option D: her broker's firm will get $10,000.

Answer 1

D: her broker's firm will get $10,000.

Step-by-step explanation:

Value of house = $200000

Commission = 5% of 200000 = $10000

Hence, option (D) is correct