Answered

At Westonci.ca, we provide reliable answers to your questions from a community of experts. Start exploring today! Discover precise answers to your questions from a wide range of experts on our user-friendly Q&A platform. Get precise and detailed answers to your questions from a knowledgeable community of experts on our Q&A platform.

A building's owner pays a property manager in 81/2% commission based on the units annualized rent for each new tenant last year the manager signed five new tenants 3 at $795 per month one at $1,200 per month and one at $900 per month what was the total amount of the property managers new tenant commissions for that year?

Sagot :

Commission paid by the building owner to the property Manager for the new tenant is $4575.

What is a Commission?

A brokerage receives compensation for delivering a customer who signs a lease by way of a rental commission. Frequently, rental commissions are stated as months of rent or as a percentage of the annual rent.

The calculation for the Commission of Property Manager:

Commission = Total annualised rent x percentage of Commission

                     = (795 x 12 x 3 + 1200 x 12 + 900 x 12) x 8.5%

                     = 53820 x 8.5% = $4,575

Commission for the property manager = $4,575.  

   

Thus,  a rental commission, a brokerage is paid for bringing a consumer who signs a lease. The commission for the property manager is $4,575.

Learn more about Commission here:

https://brainly.com/question/20987196

#SPJ1

Thanks for using our service. We're always here to provide accurate and up-to-date answers to all your queries. We appreciate your time. Please revisit us for more reliable answers to any questions you may have. Thank you for trusting Westonci.ca. Don't forget to revisit us for more accurate and insightful answers.