Real Estate Math
An Idaho listing broker offers a 3% co-op to the buyer's agent. The home sells for $398,000. The buyer's agent keeps 70% and pays 30% to their broker. What does the buyer's agent net?
A$7,563
B$8,358✓ Correct
C$8,763
D$9,158
Explanation
Co-op commission = $398,000 x 3% = $11,940. Agent's net = $11,940 x 70% = $8,358.
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