What is likely for real estate broker to earn a commission, is it a right to sell listing agreement
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A listing agreement is a contract between a property owner and a real estate broker that grants the broker the right to sell the property on behalf of the owner. Show more…
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The seller agrees to pay the listing real estate agent a commission of 5%. The property is listed at $400,000, the buyer offers and seller agrees on price of $380,000 and it closes at that price. The buyer obtains a loan of $300,000. The property is tax assessed at $350,000. The commission most likely paid to the real estate agent is:__________ A. No commission is owed because it did not sell at the list price B. $17,500 C. $20,000 D. $19,000
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A listing sales associate 25% of the total sales commission paid by Seller. The terms of the listing contract specify a sales commission of 5.5% on the first half of the sales price 6.5% on the second half. What is the listing sales associate's share if the sales price was $65,000? a. $975.00 b. $1,787.50 c. $2,112.50 d. $3,900.00
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Your house is for sale for $210,000. A realtor will charge you a 3% sales commission. If you choose a "sale by owner" option bypassing a realtor, you will pay no commission, but you will have to pay an attorney an average of $950 at your closing. What will you save by choosing the "sale by owner" option?
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