Two Brokers decide to go 60/40 in favor of the listing broker, and each broker split 50/50 with his salesperson. How much will the listing salesperson make if the house sells for 134,500 and the commission rate is 6%?

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Multiple Choice

Two Brokers decide to go 60/40 in favor of the listing broker, and each broker split 50/50 with his salesperson. How much will the listing salesperson make if the house sells for 134,500 and the commission rate is 6%?

Explanation:
Commissions are split first between brokerages, then with the salespeople. The total commission is 6% of 134,500, which is 8,070. The listing broker gets 60% of that, which is 4,842. The listing broker then splits that with the listing salesperson 50/50, so the listing salesperson earns 4,842 ÷ 2 = 2,421.

Commissions are split first between brokerages, then with the salespeople. The total commission is 6% of 134,500, which is 8,070. The listing broker gets 60% of that, which is 4,842. The listing broker then splits that with the listing salesperson 50/50, so the listing salesperson earns 4,842 ÷ 2 = 2,421.

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