If two brokers decide to split their commission 60/40 in favor of the listing broker, and each broker splits 50/50 with their salesperson, how much will the listing salesperson receive from a sale of $134,500 at a 6% commission rate?

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Prepare for the Michigan Real Estate Salesperson Test. Study with flashcards and multiple choice questions, each question includes hints and explanations. Get ready for your exam!

To find out how much the listing salesperson will receive from the sale, we first need to calculate the total commission earned from the sale amount.

For a sale of $134,500 at a 6% commission rate, the total commission would be:

Total Commission = Sale Price × Commission Rate Total Commission = $134,500 × 0.06 = $8,070

Next, the brokers split the commission 60/40, with 60% going to the listing broker. To determine how much the listing broker receives, we can calculate:

Listing Broker's Share = Total Commission × 60% Listing Broker's Share = $8,070 × 0.60 = $4,842

Now, the listing broker will split this amount 50/50 with their salesperson. Thus, the amount the listing salesperson receives will be:

Salesperson's Share = Listing Broker's Share × 50% Salesperson's Share = $4,842 × 0.50 = $2,421

Therefore, the listing salesperson receives $2,421 from the sale.

This is why the correct answer is the option indicating $2,421. It reflects proper calculations of the commission distribution between broker and salesperson based on the information

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