Real Estate Math
A Montana ranch sells for $1.8 million. The listing broker receives 3% of the sale price. The listing agent on their team receives 40% of the listing side. What does the listing agent receive?
A$54,000
B$21,600✓ Correct
C$25,200
D$18,000
Explanation
Listing broker commission = $1,800,000 x 0.03 = $54,000.
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