Question

A listing office typically gives 50% of the gross commission to the selling office and splits the remainder with 40% to the broker and 60% to the listing salesperson. Salesperson Andrew’s listing was sold by another office for $189,500. Assuming a 6% commission, Salesperson Andrew’s share would be:

Answer 1

$3,411

Step-by-step explanation:

The computation of the andrew share is shown below:

Sale value of another office is $189,500

6% commission is

= $189,500 ×6%

= $11,370

Now its 50% is

= $11,370 ÷2

= $5,685

And its 60% is

= $5,685 × 60%

= $3,411

First we find out 6% than 50% and then finally 60% so that the share of Andrew could come and the same is to be considered