Real Estate Math
An Iowa house sells for $245,000. The listing broker and buyer's broker each receive 3% of the sale price. The listing broker pays their salesperson 55% of the listing side commission. How much does the listing salesperson earn?
A$4,042.50✓ Correct
B$7,350
C$4,042
D$13,475
Explanation
Total commission = $245,000 x 0.06 = $14,700.
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