Real Estate Math
A property sells for $640,000. The selling broker and listing broker split the 5% commission 50/50. The listing agent gets 60% of the listing broker's share. How much does the listing agent earn?
A$9,600✓ Correct
B$12,000
C$19,200
D$32,000
Explanation
Total commission = 5% × $640,000 = $32,000. Each broker = $16,000.
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