Real Estate Math
A Florida home sells for $320,000. The commission is 6%, split 3% to the listing office and 3% to the buyer's office. The listing agent receives 60% of their office's share. How much does the listing agent earn?
A$3,840
B$5,760✓ Correct
C$9,600
D$19,200
Explanation
Total commission = $320,000 × 6% = $19,200. Listing office share = $19,200 × 3% / 6% = $9,600. Listing agent share = $9,600 × 60% = $5,760.
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