Real Estate Math
A Minnesota agent earns a 6% commission on a $385,000 sale. If the commission is split 50/50 between the listing and selling brokerages, and the selling agent receives 60% of their side, how much does the selling agent earn?
A$6,930✓ Correct
B$7,700
C$11,550
D$5,544
Explanation
Total commission = $385,000 x 6% = $23,100. Each side = $23,100 / 2 = $11,550.
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