Explore Westonci.ca, the top Q&A platform where your questions are answered by professionals and enthusiasts alike. Connect with a community of experts ready to provide precise solutions to your questions quickly and accurately. Discover detailed answers to your questions from a wide network of experts on our comprehensive Q&A platform.
Sagot :
At $315,789 the house must be sold after taking into consideration the broker's commission.
What do you mean by broker’s commission?
A broker’s commission is a brokerage firm employee who is compensated for the number of trades they execute for clients.
These brokers typically earn a percentage of the assets traded by their clients, which means that the more a client trades, the more money they make.
In order to calculate the selling price, we have to start with 100% minus a 5% commission, which is 95% or .95.
Take $300,000 and divide this amount by .95.
This will give the amount or the price at which we can sell the house which is $315,789.
Thus, At $315,789 the house must be sold after taking into consideration the broker's commission.
To learn more about broker's commission refer:
https://brainly.com/question/14838861
#SPJ1
We hope our answers were helpful. Return anytime for more information and answers to any other questions you may have. We appreciate your visit. Our platform is always here to offer accurate and reliable answers. Return anytime. Thank you for trusting Westonci.ca. Don't forget to revisit us for more accurate and insightful answers.
