Real Estate Math
A Massachusetts broker charges 5% commission on a $650,000 sale. The broker splits 60% with the selling agent. How much does the selling agent receive?
A$19,500✓ Correct
B$32,500
C$13,000
D$16,250
Explanation
Total commission = $650,000 × 5% = $32,500. Selling agent's share = $32,500 × 60% = $19,500. To solve this, multiply the relevant values: $650,000 at 5%.. The correct answer is $19,500.. This is a common calculation on the Massachusetts real estate exam.
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