Real Estate Math
A Kentucky property is sold for $335,000. The listing broker's commission is 6% split equally between listing and selling brokers. The listing salesperson earns 70% of the listing broker's share. How much does the listing salesperson earn?
A$7,035✓ Correct
B$5,025
C$10,050
D$14,070
Explanation
Total commission: $335,000 x 6% = $20,100. Listing broker's share (50%): $20,100 x 50% = $10,050. Listing salesperson's share (70%): $10,050 x 70% = $7,035.
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