Real Estate Math
A Minnesota listing agent negotiates a 5.5% commission on a $445,000 sale. The listing brokerage receives 2.75% and the buyer's brokerage receives 2.75%. If the listing agent receives 55% of the listing brokerage's share, how much does the listing agent earn?
A$6,731.25✓ Correct
B$12,237.50
C$5,544.00
D$8,976.25
Explanation
Listing brokerage commission = $445,000 x 2.75% = $12,237.
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