Answer:
the rate of commission is 8%
Explanation:
The computation of the rate of commission is shown below:
Rate of commission is
= Commission received by the broker ÷ Sale value of the home
where,
The Commission received by the broker is $13,200
And, the sale value of the home is $165,000
Now put these values to the above formula
So, the rate of commission is
= $132,00 ÷ $165,000
= 8%
Hence, the rate of commission is 8%
