An agent in another firm sold one of your listings for $280,000. Gross commission is 7%. MLS fee is 15%. Your broker gets 40%, the remainder goes to the agents. If an agent from another agency sells the property, the broker split is 50/50 between the two brokers. If sold by another agent from your firm, the selling agent gets 60% in listing agent's firm. Find your commission. Find your commission is you sell your listing.

Algebra: Structure And Method, Book 1
(REV)00th Edition
ISBN:9780395977224
Author:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Publisher:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Chapter2: Working With Real Numbers
Section2.3: Rules For Addition
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An agent in another firm sold one of your listings for $280,000. Gross
commission is 7%. MLS fee is 15%. Your broker gets 40%, the
remainder goes to the agents. If an agent from another agency sells the
property, the broker split is 50/50 between the two brokers. If sold by
another agent from your firm, the selling agent gets 60% in listing agent's
firm. Find your commission.
Find your commission is you sell your listing.
Transcribed Image Text:An agent in another firm sold one of your listings for $280,000. Gross commission is 7%. MLS fee is 15%. Your broker gets 40%, the remainder goes to the agents. If an agent from another agency sells the property, the broker split is 50/50 between the two brokers. If sold by another agent from your firm, the selling agent gets 60% in listing agent's firm. Find your commission. Find your commission is you sell your listing.
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