Real Estate Math
A Mississippi listing broker splits the 6% commission 50/50 with the buyer's broker. The buyer's broker keeps 70% and pays 30% to their salesperson. If the home sells for $320,000, how much does the buyer's salesperson receive?
A$2,880✓ Correct
B$2,160
C$9,600
D$6,720
Explanation
Total commission = $320,000 × 6% = $19,200. Buyer's broker half = $9,600. Salesperson's 30% = $9,600 × 30% = $2,880.
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