How much commission will Salesperson Pelke receive from a $150,000 property sale with 6% commission?

How much commission will Salesperson Pelke receive from a $150,000 property sale with 6% commission?

• A. $6,300
• B. $2,250
• C. $3,150
• D. $4,500

Answer: (C)

To determine the commission Salesperson Pelke will receive from a $150,000 property sale with a 6% commission rate, you can follow these steps: 1. **Calculate the Total Commission**: First, calculate the total commission on the sale by multiplying the sale price by the commission rate. \[ \text{Total Commission} = \text{Sale Price} \times \text{Commission Rate} \] \[ \text{Total Commission} = 150,000 \times 0.06 = 9,000 \] 2. **Consider the Split**: In many real estate transactions, the total commission is often split between the listing agent and the buyer's agent. This splitting may vary, but it is common for each agent to receive half of the total commission. If we assume Pelke is working as a buyer's agent or a listing agent and gets a 50% share, you need to divide the total commission by 2. \[ \text{Pelke's Commission} = \frac{9,000}{2} = 4,500 \] Therefore, Pelke's commission from the sale would be $4,500,

To determine the commission Salesperson Pelke will receive from a $150,000 property sale with a 6% commission rate, you can follow these steps:

1. Calculate the Total Commission: First, calculate the total commission on the sale by multiplying the sale price by the commission rate.

[

\text{Total Commission} = \text{Sale Price} \times \text{Commission Rate}

]

[

\text{Total Commission} = 150,000 \times 0.06 = 9,000

]

2. Consider the Split: In many real estate transactions, the total commission is often split between the listing agent and the buyer's agent. This splitting may vary, but it is common for each agent to receive half of the total commission. If we assume Pelke is working as a buyer's agent or a listing agent and gets a 50% share, you need to divide the total commission by 2.

[

\text{Pelke's Commission} = \frac{9,000}{2} = 4,500

]

Therefore, Pelke's commission from the sale would be $4,500,