Real Estate Math
A property sold for $365,000. The 6% commission is split 50/50. The listing agent receives 60% of the listing side, and the selling agent receives 55% of the selling side. How much more does the listing agent earn than the selling agent?
A$274.50
B$365.00
C$547.50✓ Correct
D$182.50
Explanation
Each side = $365,000 × 3% = $10,950. Listing agent = $10,950 × 60% = $6,570. Selling agent = $10,950 × 55% = $6,022.50. Difference = $6,570 - $6,022.50 = $547.50.
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