Real Estate Math
A listing agent receives 60% of a 5% commission on a $400,000 sale. How much does the listing agent earn?
A$12,000✓ Correct
B$10,000
C$8,000
D$20,000
Explanation
Total commission: $400,000 × 0.05 = $20,000. Listing broker's share (assume 50/50 split): $10,000. Listing agent's share: $10,000 × 0.60 = $6,000.60 = $12,000.
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