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19.01.2021 23:21
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A $140,000 property sells at a 5% commission with a 50-50 co-brokerage split and
A $140,000 property sells at a 5% commission with a 50-50 co-brokerage split and a 60% agent split with the employing broker. How much would the employing broker receive in this transaction (assuming an agent was involved)?
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pinkypie123457
4,4(17 marks)
$1,400
Explanation:
The sale value of property = $140,000
Commission rate = 5%
Basis = 50 - 50
Split percentage = 60%
So by considering the above information, the amount received is
= Sale value of the property × commission rate × basis × split remaining percentage
= $140,000 × 5% × 50% × 40%
= $1,400
The remaining percentage is
= 100 - 60%
= 40%
ebh3
4,8(4 marks)
The answer is analogy approach
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