A property listed with MLS sells for $53,500. The total commission is 6 percent of the sales price. The selling broker receives 60 percent of the commission, and the listing broker receives the balance. What is the listing broker's commission?

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Multiple Choice

A property listed with MLS sells for $53,500. The total commission is 6 percent of the sales price. The selling broker receives 60 percent of the commission, and the listing broker receives the balance. What is the listing broker's commission?

Explanation:
Commissions are calculated as a percentage of the sale price and then split between the selling and listing brokers according to their agreed share. Total commission = 6% of 53,500 = 3,210. The selling broker receives 60% of that, which is 0.60 × 3,210 = 1,926. The listing broker gets the remaining portion, i.e., 3,210 − 1,926 = 1,284 (which is 40% of the total). So, the listing broker's commission is 1,284.

Commissions are calculated as a percentage of the sale price and then split between the selling and listing brokers according to their agreed share.

Total commission = 6% of 53,500 = 3,210. The selling broker receives 60% of that, which is 0.60 × 3,210 = 1,926. The listing broker gets the remaining portion, i.e., 3,210 − 1,926 = 1,284 (which is 40% of the total).

So, the listing broker's commission is 1,284.

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