Real Estate Math
A Connecticut broker earns a 5.5% commission on a $620,000 sale. The commission is split 50/50 between listing and selling offices. The listing salesperson receives 65% of the listing office's share. How much does the listing salesperson earn?
A$8,765
B$11,083✓ Correct
C$13,330
D$17,050
Explanation
Total commission = $620,000 × 0.055 = $34,100. Each office = $34,100 ÷ 2 = $17,050. Listing salesperson = $17,050 × 0.65 = $11,082.50 ≈ $11,083.
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