Real Estate Math
An Indiana seller accepts a 6% commission on a $510,000 sale. The commission is split 50/50. The listing agent at the brokerage receives 45% of the listing broker's half. How much does the listing agent earn?
A$6,885✓ Correct
B$7,650
C$8,415
D$9,180
Explanation
Total commission = 6% × $510,000 = $30,600. Listing broker's half = $15,300. Listing agent at 45%: $15,300 × 0.45 = $6,885.
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