Real Estate Math
A Connecticut commercial building sells for $3,200,000. The broker charges 4% commission, split equally between the listing and selling offices. Each office splits with their salesperson 70/30 (70% to salesperson). What does each salesperson earn?
A$44,800✓ Correct
B$32,000
C$38,400
D$22,400
Explanation
Total commission = $3,200,000 × 4% = $128,000. Each office = $128,000 / 2 = $64,000. Each salesperson = $64,000 × 70% = $44,800.
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