Real Estate Math
A Massachusetts broker earns a 5% commission on a $485,000 sale. The broker splits 45% with the buyer's agent. How much does the buyer's agent receive?
A$10,912.50✓ Correct
B$12,125.00
C$13,337.50
D$24,250.00
Explanation
Total commission = $485,000 × 5% = $24,250. Buyer's agent share = $24,250 × 45% = $10,912.50. To solve this, multiply the relevant values: $485,000 at 5%.. The correct answer is $10,912.50.. This is a common calculation on the Massachusetts real estate exam.
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