Real Estate Math
A Connecticut listing agent earns 2.5% of the sale price on a property that sold for $580,000. The broker keeps 35% and the agent keeps 65%. How much does the agent receive?
A$9,425✓ Correct
B$14,500
C$5,075
D$8,700
Explanation
Total commission = $580,000 × 2.5% = $14,500. Agent keeps 65% = $14,500 × 0.65 = $9,425. To solve this, multiply the relevant values: $580,000 at 2.5%.. The correct answer is $9,425.. This is a common calculation on the Connecticut real estate exam.
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