Real Estate Math
A Maryland agent receives a 2.5% co-op commission on a $480,000 sale and keeps 65% after the broker split. The agent's net commission is:
A$7,800✓ Correct
B$10,200
C$12,000
D$6,630
Explanation
Co-op = $480,000 × 2.5% = $12,000. Agent keeps 65% = $12,000 × 0.65 = $7,800. To solve this, multiply the relevant values: $480,000 at 2.5%.. The correct answer is $7,800.. This is a common calculation on the Maryland real estate exam.
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