Real Estate Math
A broker earns a 6% commission on the sale of a $275,000 property. The broker pays the selling agent 50% of the broker's 60% share. How much does the selling agent receive?
AA. $4,950✓ Correct
BB. $8,250
CC. $5,500
DD. $3,300
Explanation
Total commission = 6% × $275,000 = $16,500. The selling broker's 60% share... wait, this says broker pays agent 50% of broker's 60% share: $16,500 × 60% = $9,900 broker's share. Agent gets 50% of $9,900 = $4,950.
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