North Carolina Real Estate Commission NC Real Estate Broker National NCREC-Broker-N Question # 2 Topic 1 Discussion

North Carolina Real Estate Commission NC Real Estate Broker National NCREC-Broker-N Question # 2 Topic 1 Discussion

NCREC-Broker-N Exam Topic 1 Question 2 Discussion:
Question #: 2
Topic #: 1

A listing brokerage firm offered a 3% commission split to any broker who could find a buyer for their $700,000 listing. The seller agreed to pay a 7% commission. A broker from another brokerage firm found a buyer, and the seller accepted their offer of $695,000. What did the listing brokerage firm earn on this transaction?


A.

$20,850


B.

$21,000


C.

$27,800


D.

$28,000


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