Real Estate Math
A Nevada agent earns a 3% commission on a $550,000 sale. The agent splits 50/50 with their broker. How much does the agent receive?
A$8,250✓ Correct
B$16,500
C$9,000
D$12,000
Explanation
3% of $550,000 = $16,500 total commission. Split 50/50: $16,500 / 2 = $8,250 to the agent. To solve this, multiply the relevant values: $550,000 at 3%.. The correct answer is $8,250.. This is a common calculation on the Nevada real estate exam.
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