Real Estate Math
A broker sells a commercial property for $1,800,000 and charges a 4% commission. The broker splits 35% with a co-broker who procured the buyer. How much does the co-broker receive?
A$25,200✓ Correct
B$63,000
C$46,800
D$72,000
Explanation
Total commission = $1,800,000 × 4% = $72,000. Co-broker's share = $72,000 × 35% = $25,200. To solve this, multiply the relevant values: $1,800,000 at 4%.. The correct answer is $25,200.. This is a common calculation on the Illinois real estate exam.
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