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You are here: Home / Illinois Real Estate Broker Exam / Lovely Math Question #3: Split Commissions

Lovely Math Question #3: Split Commissions

A brokerage firm offers to split the commission equally with any cooperating brokerage or any buyer’s brokerage firm. A licensee who works for the buyer’s broker has an agreement with her broker that the licensee will receive 60% of the firm’s share of commission on any property the licensee sells. Assuming a 6% listing commission fee to the listing firm, how much will the selling licensee receive for the sale of a property that was listed for $220K and sold for $215K?

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