What is the selling salesperson's commission if a property sells for $240,000 at a rate of 7% with two brokers sharing commissions equally?

To determine the selling salesperson's commission, first calculate the total commission based on the sale price of the property and the commission rate. The property sells for $240,000, and the commission rate is 7%.

Start by calculating the total commission:

Total commission = Sale price × Commission rate

Total commission = $240,000 × 0.07 = $16,800

Since the commission is shared equally between two brokers, each broker's share of the total commission would be:

Each broker's commission = Total commission ÷ 2

Each broker's commission = $16,800 ÷ 2 = $8,400

Given that the question specifies the selling salesperson's commission, the answer would be based on the commission received by the broker directly involved in the sale. The selling salesperson, therefore, earns $8,400.

This aligns with the correct choice, which reflects the computed commission amount accurately. The misunderstanding might arise from looking at the total commission instead of focusing on the share assigned to the selling broker.