$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%