SOLUTION: Sara a buyers agent with XYZ Realty made $4140 after closing. Sara has a 60/40 commission split with XYZ realty. The listing company has offered to pay a buyers agent 3% out of 6%
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Question 884447: Sara a buyers agent with XYZ Realty made $4140 after closing. Sara has a 60/40 commission split with XYZ realty. The listing company has offered to pay a buyers agent 3% out of 6% total commission. What is the sales price of the property?
*** The answer is $230,000 I need to know the steps to arrive at the answer
Thanks in advance.
You can put this solution on YOUR website! First, she gets 3%, or half, of the 6% commission
Let = the sales price of the property = her commission
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Then She does a 60/40 commission split, so
she is left with
The sales price of the property is $230,000
