Real Estate Math
A broker earns a 6% commission on a $480,000 sale. If the broker pays their salesperson 55% of the listing side (50/50 split with buyer's broker), how much does the salesperson earn?
A$7,920✓ Correct
B$15,840
C$28,800
D$14,400
Explanation
Total commission = $480,000 × 6% = $28,800. Listing side = $14,400. Salesperson = $14,400 × 55% = $7,920.
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