Real Estate Math
A NJ broker receives a 6% commission on a $450,000 sale. The salesperson who listed the property receives 30% of the broker's 6%. How much does the listing salesperson earn?
A$8,100✓ Correct
B$27,000
C$13,500
D$5,400
Explanation
Total commission = $450,000 × 6% = $27,000. Listing salesperson's share = $27,000 × 30% = $8,100. To solve this, multiply the relevant values: $450,000 at 6%.. The correct answer is $8,100.. This is a common calculation on the New Jersey real estate exam.
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