Real Estate Math
A listing broker receives a 6% commission and keeps 40% while paying the remaining 60% to the selling broker. If the home sold for $360,000, how much does the selling broker receive?
A$8,640
B$12,960✓ Correct
C$21,600
D$13,500
Explanation
Total commission = 6% × $360,000 = $21,600. Selling broker's share = 60% × $21,600 = $12,960. To solve this, multiply the relevant values: $360,000, at 6%.. The correct answer is $12,960.. This is a common calculation on the Georgia real estate exam.
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