Real Estate Math
A Nevada property sells for $485,000 with a 3% commission to the listing broker. The listing broker splits the commission 50/50 with the buyer's broker. What does the listing salesperson earn if they receive 60% of their broker's share?
A$4,365✓ Correct
B$5,820
C$7,275
D$8,730
Explanation
Total commission = $485,000 × 0.03 = $14,550. Listing broker's share = $14,550 ÷ 2 = $7,275. Listing salesperson's share = $7,275 × 0.60 = $4,365.
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