Real Estate Math
A listing agreement in Kentucky is for 6 months at 6% commission. The property sells for $248,000. The listing brokerage keeps 55% and the buyer's brokerage gets 45%. How much does the buyer's brokerage receive?
A$6,696✓ Correct
B$7,524
C$8,184
D$8,928
Explanation
Total commission = $248,000 × 6% = $14,880. Buyer's brokerage share = $14,880 × 45% = $6,696.
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