Real Estate Math
A Kentucky property sold for $275,000 with a 6% commission. The listing broker retains 40% and the selling broker receives 60%. How much does the selling broker receive?
A$6,600
B$9,900✓ Correct
C$16,500
D$11,000
Explanation
Total commission = $275,000 × 6% = $16,500. Selling broker's share = $16,500 × 60% = $9,900. To solve this, multiply the relevant values: $275,000 at 6%.. The correct answer is $9,900.. This is a common calculation on the Kentucky real estate exam.
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