Real Estate Math
An Iowa agent earns a 3% buyer's agent commission on a $425,000 sale. The agent's broker takes 30% of the commission. How much does the agent net?
A$8,925✓ Correct
B$9,135
C$10,200
D$11,475
Explanation
Total commission = $425,000 × 3% = $12,750. Broker's share = $12,750 × 30% = $3,825. Agent nets = $12,750 − $3,825 = $8,925.
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