Real Estate Math
A 6% commission is split 50/50 between the listing and selling brokers. The selling broker splits 70% with their salesperson. If the sale price is $460,000, how much does the selling salesperson receive?
A$9,660✓ Correct
B$8,280
C$13,800
D$6,900
Explanation
Total commission = $460,000 × 6% = $27,600. Selling side = $27,600 × 50% = $13,800. Salesperson = $13,800 × 70% = $9,660.
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