Real Estate Math
A property sold for $295,000. The listing broker and selling broker split a 6% commission equally. Each broker then pays their agent 55% of their share. How much does each agent earn?
A$4,867.50✓ Correct
B$8,850.00
C$4,043.25
D$9,735.00
Explanation
Total commission = $295,000 × 0.06 = $17,700. Each broker's share = $17,700 ÷ 2 = $8,850. Each agent's share = $8,850 × 0.55 = $4,867.50.
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