Real Estate Math
A Florida broker charges a 6% commission on a $385,000 sale. The commission is split 50/50 between listing and selling sides. The listing agent receives 60% of the listing office's share. What does the listing agent earn?
A$6,930✓ Correct
B$7,700
C$8,085
D$11,550
Explanation
Total commission = $385,000 × 6% = $23,100. Listing office share = $23,100 × 50% = $11,550. Listing agent share = $11,550 × 60% = $6,930.
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