Real Estate Math
An agent receives a 6% commission on a $320,000 sale. The listing broker and selling broker split the commission 50/50. How much does each broker receive?
A$7,200
B$9,600✓ Correct
C$10,800
D$19,200
Explanation
Total commission = $320,000 × 0.06 = $19,200. Each broker's share = $19,200 ÷ 2 = $9,600. To solve this, multiply the relevant values: $320,000 at 6%.. The correct answer is $9,600.. This is a common calculation on the Kentucky real estate exam.
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