Real Estate Math
A Nevada salesperson earns a 3% commission on a $525,000 sale. The broker takes 40% of the commission. What does the salesperson earn?
A$9,450✓ Correct
B$12,600
C$15,750
D$6,300
Explanation
Total commission = $525,000 × 0.03 = $15,750. Broker's share = $15,750 × 0.40 = $6,300. Salesperson's share = $15,750 - $6,300 = $9,450.
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