Real Estate Math
A Maine broker runs a 10-agent office with average annual sales of $3.5 million per agent. The office charges 6% commission, split 50% with cooperating brokers. The listing side earns what annually?
A$1,050,000✓ Correct
B$2,100,000
C$3,500,000
D$4,200,000
Explanation
Total office sales = 10 × $3,500,000 = $35,000,000. Total commission at 6% = $35,000,000 × 6% = $2,100,000.
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