Real Estate Math
A property sells for $350,000 with a 6% commission. If the listing broker splits 50/50 with the buyer's broker, and the listing agent receives 70% of the listing broker's split, how much does the listing agent receive?
A$7,350✓ Correct
B$10,500
C$21,000
D$12,600
Explanation
Total commission = $350,000 × 6% = $21,000. Listing broker's split = $21,000 × 50% = $10,500. Listing agent's share = $10,500 × 70% = $7,350.
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