Real Estate Math
A Florida agent lists a property and agrees to pay a cooperating buyer's agent 3% of the sale price. The property sells for $325,000. The listing broker's total commission is 6%. How much does the cooperating buyer's agent actually receive, assuming the buyer's broker split is 70/30 with their sales associate (30% to the broker)?
A$9,750
B$6,825
C$2,925✓ Correct
D$3,900
Explanation
Cooperating broker receives 3% × $325,000 = $9,750. The buyer's agent (sales associate) receives 70% × $9,750 = $6,825. The buyer's broker retains 30% × $9,750 = $2,925. Understanding commission split calculations is essential for the Florida license exam. The 70/30 split means the agent keeps 70%.
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