Real Estate Math
A seller pays a 6% commission on a sale of $425,000. The listing broker and selling broker split the commission 60/40 respectively. How much does the selling broker receive?
AA. $10,200✓ Correct
BB. $15,300
CC. $25,500
DD. $8,500
Explanation
Total commission = 6% × $425,000 = $25,500. Selling broker's share = 40% × $25,500 = $10,200.
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