What will be the amount of commission paid to the cooperating broker? For this question, prorate using

What will be the amount of commission paid to the cooperating broker?

 

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For this question, prorate using the actual number of days in the month and year. Split the escrow fee 50-50. The seller will pay the revenue stamps, and the buyer will pay title insurance and the recording fee. The buyer assumes the existing mortgage balance of $127,042.42, the buyer will pay in cash at closing the difference between the purchase price and the loan balance, and the present monthly payment on the loan is $1,001.40. Closing is October 15. Use these relevant facts: I I Purchase price: Earnest money: Commission rate: Real estate taxes: ▪ Escrow fee: Title insurance: Insurance policy: Revenue stamps: Recording fee: Interest rate: $350,000 $3,500 6% split 50-50 $2,900 (paid in full for the current year Jan. 1 through Dec. 31) $800 $1,150 $758 (annual premium) $126.30 $30 3.75% (paid in arrears, with the next payment due Nov. 1) For this question, prorate using the actual number of days in the month and year. Split the escrow fee 50-50. The seller will pay the revenue stamps, and the buyer will pay title insurance and the recording fee. The buyer assumes the existing mortgage balance of $127,042.42, the buyer will pay in cash at closing the difference between the purchase price and the loan balance, and the present monthly payment on the loan is $1,001.40. Closing is October 15. Use these relevant facts: I I Purchase price: Earnest money: Commission rate: Real estate taxes: ▪ Escrow fee: Title insurance: Insurance policy: Revenue stamps: Recording fee: Interest rate: $350,000 $3,500 6% split 50-50 $2,900 (paid in full for the current year Jan. 1 through Dec. 31) $800 $1,150 $758 (annual premium) $126.30 $30 3.75% (paid in arrears, with the next payment due Nov. 1)

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Answer Calculation of purchase price Lissi Commission 61 350000 x 6 Loan Escro... View the full answer