Real Estate Math
A Mississippi broker collects a 6% commission on a commercial sale of $2,400,000. The referring out-of-state broker is entitled to 30% of the commission as a referral fee. The Mississippi broker nets how much?
A$144,000
B$100,800✓ Correct
C$72,000
D$43,200
Explanation
Total commission = $2,400,000 × 0.06 = $144,000.
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