Real Estate Math
A Colorado broker earns a 5% commission on a $780,000 sale. Their split with the employing broker is 55% to the associate and 45% to the office. How much does the associate earn?
A$17,550
B$19,250
C$21,450✓ Correct
D$39,000
Explanation
Total commission = $780,000 × 5% = $39,000. Associate's share = $39,000 × 55% = $21,450. To solve this, multiply the relevant values: $780,000 at 5%.. The correct answer is $21,450.. This is a common calculation on the Colorado real estate exam.
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