Question

the listing agent for a house receives 20% of the agency fee as commission when a sale occurs even if another realtor sells the house. If a house sells for $250,000 and the agency receives 6% of the selling price, how much will the listing agent be paid?

Answer 1

the agency gets 6% of selling price so,
agency gets commission = 6% of 250,000
= 6/100* 250,000
= 15000
as per question,
listing agent gets 20% of agency commission
so gets = 20% of 15000
= 20/100 *15000
= $3000

Answer 2

thank you

Answer 3

my pleasure