Real Estate Math
A Maine licensee earns a 6% commission on a $310,000 sale. The listing broker retains 60% and the buyer's broker receives 40%. How much does the buyer's broker receive?
A$7,440✓ Correct
B$11,160
C$18,600
D$12,400
Explanation
Total commission = $310,000 x 6% = $18,600. Buyer's broker share = $18,600 x 40% = $7,440.
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