Two types of residential real estate agents are those who sell existing houses (resale) and those who
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Two types of residential real estate agents are those who sell existing houses (resale) and those who sell new homes for developers. Resale of existing homes typically earns 6% commission on every sale, and representing developers in selling new homes typically earns a base salary of $15,000 per year plus an additional 1.5% commission, because agents are required to work 5 days a week on site in a new development. Find the total value (dollars) an agent would have to sell per year to make more money in resale than in new homes?
Related Book For
Advanced Financial Accounting
ISBN: 978-0137030385
6th edition
Authors: Thomas Beechy, Umashanker Trivedi, Kenneth MacAulay
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