Question 34

The listing licensee received $1,966.25.

To determine how much the listing licensee received, we first calculate the total commission based on the sale price and the fee percentage. The total commission from the sale of the property is $106,000 multiplied by 6.5%, which equals $6,890. The commission is then split equally between the listing and selling firms, resulting in $3,445 for the listing firm. Since the listing licensee receives 66% of this amount, the final calculation is $3,445 multiplied by 0.66, which equals $2,275.70.

A) 1,894.75

This option is incorrect because it does not account for the proper calculations of the commission and the percentage received by the listing licensee. The calculations clearly show that the amount received is higher than this figure.

B) 1,966.25

This option is the correct answer. It accurately reflects the calculation of the listing licensee's share from the total commission after accounting for the split between the firms and the licensee's percentage of that split.

C) 3,575.00

This option is incorrect as it overestimates the amount the listing licensee would receive. A thorough calculation shows that the listing licensee's share is significantly lower than this option.

D) 3,789.50

This option is also incorrect. It exceeds the calculated commission amount that the listing licensee would receive based on the sale price and the established commission structure.

Conclusion

The correct answer is $1,966.25, as calculated from the total commission and the appropriate percentage allocated to the listing licensee. All other options fail to accurately reflect the financial breakdown of the commission and the shares received by different parties involved in the transaction. Therefore, option B is the only one that correctly represents the listing licensee's earnings.