Real Estate Math
If a property sells for $612,000 and the broker charges 6% commission split equally between listing and selling broker, and the selling agent receives 55% of the selling side, how much does the selling agent earn?
A$10,098✓ Correct
B$20,196
C$18,360
D$11,200
Explanation
Total commission = $612,000 × 0.06 = $36,720. Selling broker's share = $36,720 ÷ 2 = $18,360. Selling agent's share = $18,360 × 0.55 = $10,098.
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