Real Estate Math
A Delaware property sells for $525,000. The seller's agent brokerage earns a 2.5% total commission. The listing agent's split with their broker is 60/40 (agent 60%). What does the listing agent earn?
A$7,875✓ Correct
B$13,125
C$5,250
D$6,300
Explanation
Total commission = $525,000 × 2.5% = $13,125. Listing agent's 60% = $13,125 × 0.60 = $7,875. To solve this, multiply the relevant values: $525,000 at 2.5%.. The correct answer is $7,875.. This is a common calculation on the Delaware real estate exam.
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