Real Estate Math
A buyer's agent earns 2.5% of a $1,100,000 sale price. The agent receives 55% of the commission from their brokerage. How much does the agent earn?
A$13,750
B$15,125✓ Correct
C$16,500
D$27,500
Explanation
Total buyer's side commission = $1,100,000 × 0.025 = $27,500. Agent's share = $27,500 × 0.55 = $15,125.
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