Real Estate Math
A Missouri listing agreement has a 90-day term with a 6% commission. The house sells for $312,000. How is the commission split if the listing broker keeps 60% and cooperating broker gets 40%?
A$7,488✓ Correct
BListing: $9,360 / Cooperating: $9,360
CListing: $12,480 / Cooperating: $6,240
DListing: $18,720 / Cooperating: $18,720
Explanation
Total commission = $312,000 x 6% = $18,720. Listing broker: $18,720 x 60% = $11,232.
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