Real Estate Math
A Kentucky broker's sales associate sold a $398,000 home. The brokerage's total commission was 5.5%. The sales associate retains 65% of the commission. How much does the associate receive?
A$12,987
B$14,243✓ Correct
C$15,251
D$16,182
Explanation
Total commission = $398,000 × 5.5% = $21,890.
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