A residence was listed at $100,000 and sold for 92% of that amount. The rate of commission was 6%, and was divided equally between the selling and listing brokers. How much did each broker get?
A) $5,520
B) $3,360
C) $5,510
D) $2,760
Correct Answer:
Verified
Q10: In whose name does a salesperson take
Q11: A licensed salesperson is paid 2% commission
Q12: When one broker lists a property, another
Q13: Multiple listing organizations typically use
A) an open
Q14: The broker is helping the home buyer
Q16: A listing agreement authorizes the broker to
A)
Q17: A licensed real estate salesperson can accept
Q18: A broker lists a property and gets
Q19: A broker has an exclusive right to
Q20: Broker Billy secured a written listing from
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents