Real Estate Math
A Connecticut broker charges 6% commission. The property sold for $375,000. If the listing and buyer broker split 50/50, and the listing salesperson gets 60% of the listing broker's share, how much does the listing salesperson earn?
A$6,750✓ Correct
B$9,000
C$7,650
D$11,250
Explanation
Total commission = $375,000 × 0.06 = $22,500. Each side = $11,250. Listing salesperson = $11,250 × 0.60 = $6,750.
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