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.

MATLAB: An Introduction with Applications
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ISBN:9781119256830
Author:Amos Gilat
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Chapter1: Starting With Matlab
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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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