Agent Daisy agrees to a 5% commission to list a home at $330,000. The property is sold through another cooperating brokerage with that firm to receive 50% of the total commission on the $330,000 sale. If Daisy receives 55% of her broker's commission and does not bring the buyer. How much does Daisy's broker receive from the sale?

Question

Mathematics

Lailah Mclean

17 April, 03:57

Agent Daisy agrees to a 5% commission to list a home at $330,000. The property is sold through another cooperating brokerage with that firm to receive 50% of the total commission on the $330,000 sale. If Daisy receives 55% of her broker's commission and does not bring the buyer. How much does Daisy's broker receive from the sale?

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Answers (1)

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Leroy Rosario · Answer 1

The total amount that Daisy was to receive prior to the house being sold by another brokerage is:

0.05 (330,000)

=$16500

Given that the house is sold through another brokerage and Daisy is set to receive the 45% of the commission, the amount Daisy will receive will be:

0.45 (16500)

=$7425