Real Estate Math
A Florida property sells for $385,000. The seller agrees to pay 6% commission. The listing broker splits the commission 50/50 with the buyer's broker. Each broker then splits 60/40 with their respective agents (agents receive 60%). How much does the listing agent earn?
A$6,930✓ Correct
B$11,550
C$23,100
D$13,860
Explanation
Total commission = $385,000 × 6% = $23,100. Each broker receives $23,100 ÷ 2 = $11,550.
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