A property sold for $198,000 with a listing commission of 8%. The selling office is to receive 40% o

Discussion in 'Calculator Requests' started by math_celebrity, Jul 31, 2020.

Tags:
  1. math_celebrity

    math_celebrity Administrator Staff Member

    A property sold for $198,000 with a listing commission of 8%. The selling office is to receive 40% of the total commission. How much will the listing salesperson receive if she is paid 60% of the amount retained by listed broker.

    Calculate commission amount:
    Commission amount = Sale Price * Commission Percent
    Commission amount = 198,000 * 8%
    Commission amount = 15,840

    Calculate listing salesperson commission amount:
    Listing salesperson commission amount = Commission Amount * Listing salesperson Percent
    Listing salesperson commission amount = 15,840 * 60%
    Listing salesperson commission amount = 9,504
     

Share This Page