Real Estate Math
A Delaware broker earns a 6% commission on a $290,000 sale and splits it 50/50 with the cooperating broker. Each broker then pays their agent 65% of the brokerage's share. How much does each agent earn?
A$5,655✓ Correct
B$8,700
C$6,000
D$4,350
Explanation
Total commission = $290,000 × 6% = $17,400. Each broker's share = $17,400 ÷ 2 = $8,700. Each agent's share = $8,700 × 65% = $5,655.
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