Real Estate Math
A broker earns a 6% commission on a $390,000 sale. If the listing agent's office split is 60/40 (60% to the listing agent), how much does the listing agent receive?
A$9,360
B$14,040✓ Correct
C$23,400
D$7,020
Explanation
Total commission = 6% × $390,000 = $23,400. Listing side = 50% × $23,400 = $11,700 (assuming 50/50 co-op split). Listing agent's share = 60% × $11,700 = $7,020. Listing agent receives 60% × $23,400 = $14,040.
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