Real Estate Math
A Kansas seller's agent earns 3% on a $480,000 sale. The agent gives the broker a 40% split. What does the agent net from this transaction?
A$7,200
B$8,640✓ Correct
C$9,600
D$10,080
Explanation
Total commission (seller's side) = $480,000 × 0.03 = $14,400. Agent keeps 60% = $14,400 × 0.60 = $8,640.
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