Real Estate Math
An Arizona agent earns a 3% commission on a $550,000 commercial sale. The agent's broker takes a 30% desk fee off the top before splitting 60/40 with the agent. How much does the agent receive?
A$6,930✓ Correct
B$9,240
C$16,500
D$11,550
Explanation
Commission = $550,000 × 3% = $16,500. Desk fee = $16,500 × 30% = $4,950. Remaining = $16,500 - $4,950 = $11,550. Agent's share (60%) = $11,550 × 0.60 = $6,930.
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