Real Estate Math
A Mississippi listing agent earns a 3% commission on a $275,000 sale. The agent splits 50% of their commission with their broker. How much does the agent personally earn?
A$8,250
B$4,125✓ Correct
C$6,000
D$2,750
Explanation
Total commission = $275,000 × 0.03 = $8,250. Agent's 50% share = $8,250 × 0.50 = $4,125. The agent personally earns $4,125 after the 50/50 split with their broker.
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