12. A property sold for $325,000 with a 6% sales commission as a fee. The listing broker paid 55% to the buyer's broker. How much of the fee remained with the listing brokerage?
Answer: A
$8,775
The amount that remained with the listing brokerage after paying the buyer's broker is $8,775. This is calculated by determining the total sales commission and then subtracting the portion paid to the buyer's broker.
A) $8,775
This option is correct. The total sales commission for the property sold at $325,000 is $19,500 (calculated as 6% of $325,000). Since the listing broker pays 55% of this commission to the buyer's broker, that amounts to $10,725. Therefore, the remaining amount with the listing brokerage is $19,500 - $10,725 = $8,775.
B) $9,750
This option is incorrect. If the remaining fee were $9,750, it would imply that the total commission allocated to the buyer's broker was only $9,750 when in fact, the commission to the buyer's broker is $10,725. Thus, this calculation does not align with the commission distribution.
C) $10,725
This option is incorrect. While $10,725 represents the amount paid to the buyer's broker, it does not reflect the remaining fee with the listing brokerage. The correct remaining amount after paying the buyer's broker is $8,775.
D) $19,500
This option is incorrect. $19,500 is the total sales commission calculated from the sale price, not the remaining fee after the buyer's broker's share is deducted. The correct remaining amount after the buyer's broker's payment is $8,775.
Conclusion
The correct answer of $8,775 accurately reflects the remaining commission with the listing brokerage after the buyer's broker's share has been deducted. Options B, C, and D misinterpret the commission distribution and do not align with the calculations based on the sale price and commission percentage.