Question

Agent Daisy sells Melissa's house, her own listing, for $330,500. The brokerage commission is 5.5%. The co - brokerage split is 50 - 50, and Dais y gets 55% of her broker's commission. Daisy's broker will receive______

Answer 1

Daisy's broker will receive $4,998.81 as their part of the commission from the sale of Melissa's house, after splitting the total commission and considering Daisy's share of her broker's commission.

Step-by-step explanation:

The student's question is focused on calculating the commission Daisy's broker will receive from selling Melissa's house. First, we calculate the total brokerage commission by multiplying the sale price with the commission rate. Then, we split this total commission equally between the listing broker and the selling broker. Finally, we calculate Daisy's share of her broker's commission.

Here's the step-by-step calculation:

1. Calculate the total brokerage commission: $330,500 (sale price) × 5.5% (commission rate) = $18,177.50.
2. Calculate the co-brokerage split: $18,177.50 / 2 = $9,088.75 for Daisy's broker and the selling broker each.
3. Calculate Daisy's broker's earnings: $9,088.75 × 55% (Daisy's share) = $4,998.81.

Therefore, Daisy's broker will receive $4,998.81.