Real Estate Math
A Florida broker lists a commercial property at $1,500,000. The broker earns 4% commission. After splitting the total commission 60% to the listing side and 40% to the buyer side, the listing broker's share is:
A$36,000✓ Correct
B$60,000
C$24,000
D$16,000
Explanation
Total commission = $1,500,000 × 4% = $60,000. Listing broker's 60% = $60,000 × 60% = $36,000.
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