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

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

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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
 
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