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

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 length of the altitude from one vertex of an equilateral triangle with side length 8?
+
What is the length of the hypotenuse if the opposite side has a length of 5 and the adjacent side has a length of 12?
+
What is the derivative of \( f(x) = e^x \cdot \cos(x) \) at \( x = \frac{\pi}{4} \)?
+
New questions in Mathematics
3(2+x)-2(2x+6)=20-4x
A, B, C and D are numbers; If ABCD = 23, What is the result of ABCD BCDA CDAB DABC operation?
Determine the absolute extrema of the function 𝑓(𝑥)=𝑥3−18𝑥2 96𝑥 , on the interval [1,10]
The function g:Q→Q is a ring homomorphism such that g(3)=3 and g(5)=5. What are the values of g(8) and g(9)?
Identify a pattern in the list of numbers.Then use this pattern to find the next number. 37,31,25,19,13
A National Solidarity Bond offers A 5 year bond offering a gross return of 15% Calculate the AER for this investment. (Give your answer to two decimal places, no need for the percent or € sign in your answer)
Prove that it is not possible to arrange the integers 1 to 240 in a table with 15 rows and 16 columns in such a way that the sum of the numbers in each of the columns is the same.
During a fishing trip Alex notices that the height h of the tide (in metres) is given by h=1−(1/2)*cos(πt/6) where t is measued in hours from the start of the trip. (a) Enter the exact value of h at the start of the trip in the box below.
User Before the election, a poll of 60 voters found the proportion who support the Green candidate to be 25%. Calculate the 90% confidence interval for the population parameter. (Give your answers as a PERCENTAGE rounded to TWO DECIMAL PLACES: exclude any trailing zeros and DO NOT INSERT THE % SIGN) Give the lower limit of the 90% confidence interval Give the upper limit of the 90% confidence interval
Solve the equation: sin(2x) = 0.35 Where 0° ≤ x ≤ 360°. Give your answers to 1 d.p.
How to do 15 x 3304
30y - y . y = 144
Let v be the set of all ordered pairs of real numbers and consider the scalar addition and multiplication operations defined by: u+v=(x,y)+(s,t)=(x+s+1,y+t -two) au=a.(x,y)=(ax+a-1,ay-2a+2) It is known that this set with the operations defined above is a vector space. A) calculate u+v is au for u=(-2,3),v=(1,-2) and a=2 B) show that (0,0) #0 Suggestion find a vector W such that u+w=u C) who is the vector -u D) show that axiom A4 holds:-u+u=0
A function is considered exponential when it has a base with positive values greater than zero and different from one, where the exponent is an unknown. An important characteristic of exponential functions is that they show rapid growth or decay as an independent variable increases or decreases. Given the function 25^(x+3)=125, it is calculated that x has the value of
viii. An ac circuit with a 80 μF capacitor in series with a coil of resistance 16Ω and inductance 160mH is connected to a 100V, 100 Hz supply is shown below. Calculate 7. the inductive reactance 8. the capacitive reactance 9. the circuit impedance and V-I phase angle θ 10. the circuit current I 11. the phasor voltages VR, VL, VC and VS 12. the resonance circuit frequency Also construct a fully labeled and appropriately ‘scaled’ voltage phasor diagram.
17. A loan for $104259 is taken out for 10 years with an annual interest rate of 9.4%, compounded quarterly. What quarterly payment is required to pay the loan off in 10 years? Enter to the nearest cent (two decimals). Do not use $ signs or commas in the answer.
Given two lines 𝐿1: 𝑥 + 4𝑦 = −10 and 𝐿2: 2𝑥 − 𝑦 = 7. i. Find the intersection point of 𝐿1 and 𝐿2.
if y=1/w^2 yw=2-x; find dy/dx
9n + 7(-8 + 4k) use k=2 and n=3
An export company grants a bonus of $100,000 pesos to distribute among three of its best employees, so that the first receives double the second and the latter receives triple the third. How much did each person receive?