Real Estate Math
A Maine seller pays 6% commission on a $500,000 sale. The listing broker and cooperating buyer's broker split the commission 50/50. Each agent within their respective brokerage receives 60% of their brokerage's commission share. The cooperating (buyer's) agent earns:
A$9,000✓ Correct
B$12,000
C$7,500
D$15,000
Explanation
Total commission = $500,000 × 6% = $30,000. Each side's share = $30,000 ÷ 2 = $15,000. Agent's share = $15,000 × 60% = $9,000.
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