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Is commission a selling or administrative expense?
If commission is paid on selling the product then it is selling expense .
What do agents and brokers do?
Often called functional middlemen, agents and brokers perform a limited number of services in exchange for a commission that is based on the selling price.
How do you set selling price if you know what you want to net after commission?
To set the selling price based on your desired net amount after commission, first determine the commission rate applicable to the sale. Next, calculate the selling price using the formula: Selling Price = Desired Net Amount / (1 - Commission Rate). This ensures that after the commission is deducted from the selling price, you will net the amount you intended. Adjust the selling price as needed to remain competitive while meeting your financial goals.
A real estate broker sold your house for 7 000 The broker's commission was 6 of the selling price How much would you get for the house after the commission is paid?
To calculate how much you would get after the broker's commission, first find the commission amount by multiplying the selling price ($7,000) by the commission rate (6%). This gives a commission of $420. Subtracting this from the selling price, you would receive $6,580 after the commission is paid.
A real estate broker sold your house for 189 000 The broker's commission was 4.5 of the selling price How much would you get for the house after the commission is paid?
To calculate the broker's commission, multiply the selling price of the house ($189,000) by 4.5%, which equals $8,505. Subtracting this commission from the selling price, you would receive $180,495 after the commission is paid.
What does commission mean in math terms?
commission is the % that a person receives once they sold somthing that's my thery
If a salesperson earns 132 selling 2000.00 in sales what is the percent of commission?
The commission is 6.6%
What are some examples of commission jobs?
A realtor is a commission job, for buying or selling real estate.
What is deregulation in commission?
commission deregulation is the fees that sells person get after selling financial product to client but they dont have control over that commission
How much commission does a realtor typically earn when selling a million dollar home?
A realtor typically earns a commission of around 5-6 when selling a million dollar home.
What is the commission rate for selling a million dollar home?
The commission rate for selling a million dollar home is typically around 5-6, which would amount to 50,000 to 60,000.
What is the commission rate for selling a million dollar house?
The commission rate for selling a million dollar house is typically around 5-6, which would amount to 50,000 to 60,000.
