Real Estate Math
A listing agent and buyer's agent split a 6% commission equally on a $500,000 sale. Each brokerage then splits with its agent 60/40 (agent gets 60%). How much does the buyer's agent (salesperson) receive?
A$7,500
B$9,000✓ Correct
C$15,000
D$18,000
Explanation
Total commission = $500,000 × 6% = $30,000. Each side = $15,000. Buyer's agent's share = $15,000 × 60% = $9,000.
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