Real Estate Math
An agent's listing agreement states a 5% commission. The listing sells for $510,000. The co-op split gives the listing broker 60% and the buyer's broker 40%. How much does the buyer's broker receive?
A$10,200✓ Correct
B$12,750
C$15,300
D$25,500
Explanation
Total commission = $510,000 × 5% = $25,500. Buyer's broker share = $25,500 × 40% = $10,200.
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