Real Estate Math
A property sells for $385,000. The listing broker receives a 5.5% commission and splits it 50/50 with the buyer's broker. The selling salesperson receives 60% of the buyer's broker's share. How much does the selling salesperson earn?
A$6,352.50✓ Correct
B$7,507.50
C$10,587.50
D$5,197.50
Explanation
Total commission = $385,000 × 5.5% = $21,175.
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