Real Estate Math
A licensee earns 3% buyer's agent commission on a $425,000 home. Their broker takes 30%. How much does the licensee keep?
A$8,925✓ Correct
B$9,500
C$12,750
D$12,075
Explanation
Total commission = $425,000 × 0.03 = $12,750. Broker's share = $12,750 × 0.30 = $3,825. Licensee keeps $12,750 − $3,825 = $8,925.
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