Real Estate Math
A New Jersey home sells for $520,000. The total commission is 5%, split 50/50 between listing and selling brokerages. The listing agent receives 60% of their brokerage's share. How much does the listing agent earn?
A$6,240
B$7,800✓ Correct
C$15,600
D$13,000
Explanation
Total commission = $520,000 × 0.05 = $26,000.
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