Real Estate Math
A Louisiana home sold for $242,000 with a 6% real estate commission. The listing broker and selling broker split the commission 50/50. The listing broker then splits 70% with their listing agent. What does the listing agent earn?
A$5,082✓ Correct
B$7,260
C$10,164
D$8,470
Explanation
Total commission = $242,000 × 6% = $14,520. Listing broker's half = $7,260. Listing agent's 70% share = $7,260 × 70% = $5,082.
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