Real Estate Math
A commission of $18,000 is split 55/45 between the listing and selling sides. The listing agent then splits 60/40 with their broker. How much does the listing agent receive?
A$3,960✓ Correct
B$5,940
C$4,950
D$7,200
Explanation
Listing side commission = $18,000 × 55% = $9,900. Listing agent's share = $9,900 × 40% = $3,960. Using the values given ($18,000), apply the appropriate formula.. The correct answer is $3,960.. This is a common calculation on the Arizona real estate exam.
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