Real Estate Math
A salesperson sells a home for $540,000. The total commission is 6%, split evenly between the listing and selling brokers. The listing salesperson receives 60% of their broker's side. How much does the listing salesperson earn?
A$9,720✓ Correct
B$16,200
C$32,400
D$19,440
Explanation
Total commission = $540,000 × 6% = $32,400. Listing broker's share = $32,400 ÷ 2 = $16,200. Listing salesperson's share = $16,200 × 60% = $9,720.
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