Real Estate Math

A broker earns a 6% commission on a $390,000 sale, split 50/50 with the cooperating broker. The listing salesperson earns 65% of the listing broker's share. How much does the listing salesperson earn?

A$7,605✓ Correct

B$7,020

C$6,464

D$11,700

Explanation

Total commission = $390,000 × 6% = $23,400. Each broker's share = $23,400 ÷ 2 = $11,700. Listing salesperson = $11,700 × 65% = $7,605.

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