49. A property was listed for $110,000. It sold for $100,000. A 6.5% fee was split equally between the listing and selling brokers. The listing salesperson received 55% of the listing office's share. How much did the listing salesperson receive?
Answer: C
The listing salesperson received $1,787.
To determine how much the listing salesperson received, we first calculate the total commission from the sale, which is 6.5% of $100,000. After finding the listing office's share and the salesperson's portion, we arrive at the final amount.
A) $1,966
This option is incorrect because it exceeds the calculated amount that the listing salesperson would receive. The breakdown of the commission shows that $1,966 cannot be achieved based on the distribution of the fee.
B) $1,950
This option is also incorrect as it does not align with the calculations based on the commission distribution. The listing salesperson's share is derived from a smaller percentage, meaning $1,950 is not a feasible outcome.
C) $1,787
This is the correct answer. The total commission from the sale is $6,500 (6.5% of $100,000). The listing broker's share is half of that, which is $3,250. Since the listing salesperson receives 55% of that share, the calculation is $3,250 * 0.55 = $1,787.
D) $1,650
This option is incorrect as it is lower than the actual calculated amount that the listing salesperson would receive. The breakdown indicates that $1,650 does not represent the correct distribution of the commission share.
Conclusion
The correct amount the listing salesperson received is $1,787, calculated through the proper distribution of the commission after the sale. All other options fail to represent the accurate figures derived from the commission structure. Thus, they do not reflect the earnings based on the given percentages and total sales price.