Real Estate Math (alternative)
A Maryland buyer's agent earns 2.75% co-op commission on a $390,000 sale. The agent's broker retains 25% and pays the agent 75%. The agent's net is:
A$2,681.25
B$8,043.75✓ Correct
C$10,725
D$9,843
Explanation
Co-op = $390,000 × 2.75% = $10,725.
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