If a property sells for $62,300 and the brokerage charges 7%, how much will the sales associate receive after commission distribution?

To determine how much the sales associate will receive after the commission distribution, it's important to first calculate the total commission from the sale of the property.

The property is sold for $62,300, and the brokerage charges a commission of 7%. This can be calculated by multiplying the sale price by the commission rate:

Total commission = Sale price × Commission rate

Total commission = $62,300 × 0.07 = $4,361

Next, the distribution of the commission between the brokerage and the sales associate needs to be considered. In many real estate brokerage agreements, the sales associate typically receives a certain percentage of the total commission. This percentage varies based on the agreement with the brokerage.

For example, if the sales associate's split with the brokerage is 50% of the total commission, the portion that the sales associate would receive is:

Sales associate's portion = Total commission × Sales associate's split

Sales associate's portion = $4,361 × 0.50 = $2,180.50

If we retain the 50% for this example, it supports the calculation of how to derive a portion for the sales associate, but the actual percentage split would need to be specified to determine the accurate figure.

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