Real Estate Math
A broker charges a 6% commission and splits it 50/50 with a cooperating broker. Each broker pays their respective salesperson 65%. A selling salesperson sold a $320,000 home. What is their commission?
A$6,240✓ Correct
B$9,600
C$5,850
D$6,500
Explanation
Total commission = 6% × $320,000 = $19,200. Cooperating broker's share = $9,600. Selling salesperson = 65% × $9,600 = $6,240.
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