Real Estate Math
A Louisiana broker charges a 6% commission on the sale of a $320,000 property. If the broker splits the commission 60/40 with the selling agent's broker (who then splits 50/50 with the agent), how much does the selling agent receive?
A$3,840✓ Correct
B$4,480
C$3,456
D$5,760
Explanation
Total commission: $320,000 × 6% = $19,200. Selling side receives 40%: $19,200 × 40% = $7,680.
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