Real Estate Math
A Michigan broker receives a 6% commission on a $350,000 sale. The listing agent gets 60% of the listing side and the buyer's agent gets 70% of the buyer's side. If the commission is split 50/50 between sides, how much does the buyer's agent earn?
A$7,350✓ Correct
B$10,500
C$8,400
D$6,300
Explanation
Total commission = $350,000 x 6% = $21,000. Each side = $10,500.
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