Real Estate Math
A property sells for $560,000 with a 5.5% commission. The listing broker offers a 50/50 split with the buyer's broker. The listing broker gives the listing salesperson 60% of the listing side. How much does the listing salesperson earn?
A$9,240✓ Correct
B$8,400
C$7,700
D$15,400
Explanation
Total commission = $560,000 × 5.5% = $30,800. Listing side = $30,800 ÷ 2 = $15,400. Listing salesperson = $15,400 × 60% = $9,240.
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