Real Estate Math
A Nebraska property sold for $385,000. The total commission was 6%, split 50/50 between listing and selling offices. Within the listing office, the listing agent receives 60% of the office's share. The listing agent's commission is:
A$6,930✓ Correct
B$11,550
C$6,600
D$13,860
Explanation
Total commission = $385,000 × 6% = $23,100. Each office's share = $23,100 ÷ 2 = $11,550. Listing agent's share = $11,550 × 60% = $6,930.
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