Real Estate Math
A Maryland broker charges a 6% commission on a sale and splits 50% with the buyer's broker. The buyer's broker retains 40% and pays their agent 60% of the co-op share. The listing broker receives $X, the buyer's agent receives $Y, the buyer's broker retains $Z. On a $350,000 sale, what does the buyer's agent receive?
A$3,780
B$6,300✓ Correct
C$7,560
D$10,500
Explanation
Total commission = $350,000 × 6% = $21,000. Co-op (buyer's broker share) = $21,000 × 50% = $10,500.
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