Real Estate Math
A property sold for $525,000. The buyer's agent receives 3% of the sale price, and the buyer's agent's broker takes 30% of that. How much does the buyer's agent personally keep?
A$11,025✓ Correct
B$15,750
C$4,725
D$10,000
Explanation
Buyer's agent commission = $525,000 × 3% = $15,750. Broker's share = $15,750 × 30% = $4,725. Agent's share = $15,750 − $4,725 = $11,025.
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