Real Estate Math
A property in Fairbanks sells for $295,000. The listing agent and buyer's agent each receive a 3% commission. The listing salesperson receives 55% of the listing broker's half. How much does the listing salesperson earn?
A$3,878
B$4,868
C$4,873✓ Correct
D$8,850
Explanation
Listing broker commission = $295,000 × 3% = $8,850. Listing salesperson = $8,850 × 55% = $4,867.
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