Real Estate Math
A Michigan agent sells a $190,000 home and earns a 3% commission. The agent is on a 65/35 split with the broker. How much does the agent receive?
A$3,705✓ Correct
B$5,700
C$3,149
D$3,990
Explanation
Total commission = $190,000 x 0.03 = $5,700. Agent's share = 65% x $5,700 = $3,705. To solve this, multiply the relevant values: $190,000 at 3%.. The correct answer is $3,705.. This is a common calculation on the Michigan real estate exam.
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