Real Estate Math
A buyer's agent earns 2.5% commission on a $660,000 purchase. The agent retains 70% and pays 30% to the brokerage. How much does the agent personally receive?
A$16,500
B$11,550✓ Correct
C$4,950
D$23,100
Explanation
Total commission = $660,000 × 2.5% = $16,500. Agent's personal share = $16,500 × 70% = $11,550.
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