Real Estate Math
An agent earns 60% of the commission her broker receives. The total commission on a $520,000 sale at 5% is split 50/50 between listing and buyer's broker. How much does the agent earn?
A$7,800✓ Correct
B$15,600
C$9,360
D$6,240
Explanation
Total commission: $520,000 × 0.05 = $26,000. Buyer's broker half: $13,000. Agent's 60%: $13,000 × 0.60 = $7,800.
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