Real Estate Math
A Nebraska seller agrees to pay 6% commission on a sale of $395,000. The listing agent's broker gives them 55% of the listing side (50/50 split with buyer's agent). How much does the listing agent earn?
A$6,517.50✓ Correct
B$11,850.00
C$13,035.00
D$7,110.00
Explanation
Total commission = $395,000 × 6% = $23,700. Listing side = $23,700 ÷ 2 = $11,850. Agent's share = $11,850 × 55% = $6,517.50.
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