Real Estate Math
A broker charges a total 6% commission on a $550,000 sale, split evenly between listing and buyer's sides (3% each). The listing agent receives 60% of the listing side. How much does the listing agent personally receive?
A$9,900✓ Correct
B$16,500
C$19,800
D$33,000
Explanation
Total commission = $550,000 × 6% = $33,000. Listing side = $33,000 ÷ 2 = $16,500. Listing agent's share = $16,500 × 60% = $9,900.
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