Real Estate Math
An Indiana broker's sales associate receives 60% of the commission the broker earns. The broker earns a 3% co-broke on a $250,000 sale. How much does the sales associate receive?
A$3,000
B$4,500✓ Correct
C$5,000
D$7,500
Explanation
Broker's commission = 3% × $250,000 = $7,500. Associate's share = 60% × $7,500 = $4,500. To solve this, multiply the relevant values: $250,000 at 60%.. The correct answer is $4,500.. This is a common calculation on the Indiana real estate exam.
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