Real Estate Math
A salesperson receives 60% of the commission and the broker receives 40%. The total commission on a $280,000 sale at 5.5% is split how much to the salesperson?
A$7,560
B$9,240✓ Correct
C$8,400
D$10,080
Explanation
Total commission = $280,000 × 0.055 = $15,400. Salesperson's share = $15,400 × 0.60 = $9,240. To solve this, multiply the relevant values: $280,000 at 60%.. The correct answer is $9,240.. This is a common calculation on the Nebraska real estate exam.
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