Real Estate Math
A Louisiana broker earns a 5% commission on a $275,000 sale. The broker splits 55% with the selling agent. How much does the selling agent receive?
A$7,562.50✓ Correct
B$6,875.00
C$5,500.00
D$8,250.00
Explanation
Total commission = $275,000 × 5% = $13,750. Selling agent's share = $13,750 × 55% = $7,562.50. To solve this, multiply the relevant values: $275,000 at 5%.. The correct answer is $7,562.50.. This is a common calculation on the Louisiana real estate exam.
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