Question

Listing broker Bob gets a 6 .5% commission on a $280,000 sale . He pays 3% to the selling broker and splits his share evenly with the listing agent . How much does the listing agent receive?

Answer 1

4900 to listing agent

Explanation:

SO Bob gets 6.5 -3 = 3.5 % and then splits it ==>1.75% to Bob and to listing agent

1.75% = .0175

.0175 * 280000 = 4900