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

Name: Solved: 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 - MathMaster
Brand: MathMaster
Rating: 4.9 (71 reviews)

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

$Expert avatar$

Velda

4.5

109 Answers

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

Answer: The buyer's broker will receive $2,086 in commission.

Frequently asked questions (FAQs)

What is the result when 3/5 is divided by 1/4?

Find the derivative of ∫(x^2 + 3x + 5) dx from 1 to 3.

Question: Solve the system of inequalities: y > 2x + 5 and x + 2y ≤ 10. Graph the solutions.

New questions in Mathematics

Let 𝑢 = 𝑓(𝑥, 𝑦) = (𝑒^𝑥)𝑠𝑒𝑛(3𝑦). Check if 9((𝜕^2) u / 𝜕(𝑥^2)) +((𝜕^2) 𝑢 / 𝜕(𝑦^2)) = 0

Determine the correct value: A company knows that invoices pending collection have a normal distribution with a mean of $1.65 million, with a standard deviation of $0.2 million, then: The probability that an invoice pending collection has an amount that is within more than 2 deviations below the mean, is:

The Lenovo company manufactures laptop computers, it is known that for every 60 laptops produced, 54 go on the market with the highest quality standards. If a sample of 15 laptops is taken, calculate the probability that: Exactly 2 are not of high quality

9b^2-6b-5

"If three wolves catch three rabbits in three hours, how many wolves would it take to catch a hundred rabbits in a hundred hours?" The answer is the number of response units.

A pair of die is thrown and the absolute difference of the two scores is recorded. What is the probability of the absolute difference being 4 or more?

What is the total tolerance for a dimension from 1.996" to 2.026*?