23.03.2023 - 10:47

The salesperson s agreement with the broker was a 40/60 split with the broker keeping 40% of the commission. The seller was charged 5.5%. How much did the salesperson receive if she listed and sold a house for $279,500? a. $6,149.00 b. $7,686.25 c. $9,

The salesperson s agreement with the broker was a 40/60 split with the broker keeping 40% of the commission. The seller was charged 5.5%. How much did the salesperson receive if she listed and sold a house for $279,500?

a. $6,149.00

b. $7,686.25

c. $9,223.50

d. $15,372.50

Answers (1)
  • DjArtero
    April 1, 2023 в 11:11

    To find out how much the salesperson received for selling the house, we need to calculate the total commission earned and then apply the 40/60 split.

    The seller was charged 5.5%, which means that the total commission earned on the sale of the house was 5.5% of $279,500:

    5.5% of $279,500 = 0.055 x $279,500 = $15,372.50

    Now we need to apply the 40/60 split to this amount. The broker keeps 40% of the commission, so the salesperson will receive 60%:

    Salesperson's share = 60% of $15,372.50 Salesperson's share = 0.6 x $15,372.50 Salesperson's share = $9,223.50

    Therefore, the answer is (c) $9,223.50.

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