Question

# A property sold for $745,000 in a co-brokered transaction. The seller has agreed to pay a 7% commission to the listing firm. The listing firm has agreed to equally split the commission with the selling firm. If the buyer’s broker will receive 8% of the selling firm’s commission, how much commission will the buyer’s broker receive?$14,900 $3725 $$37250 18625 71 likes 353 views ## Answer to a math question A property sold for 745,000 in a co-brokered transaction. The seller has agreed to pay a 7% commission to the listing firm. The listing firm has agreed to equally split the commission with the selling firm. If the buyer’s broker will receive 8% of the selling firm’s commission, how much commission will the buyer’s broker receive? 14,900 3725$$37250$18625

Velda
4.5
First, let's calculate the total commission paid to the listing firm. The commission is calculated as a percentage of the selling price of the property.

Commission paid to the listing firm = 7% of $745,000 Commission paid to the listing firm = $7/100$ x$745,000

Commission paid to the listing firm = $52,150 Since the listing firm agreed to equally split the commission with the selling firm, each firm will receive half of the commission. Commission received by each firm = $$52,150$ / 2

Commission received by each firm = $26,075 Now, let's calculate the commission received by the buyer's broker, which is 8% of the selling firm's commission. Commission received by the buyer's broker = 8% of$26,075

Commission received by the buyer's broker = $8/100$ x $26,075 Commission received by the buyer's broker =$2,086

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