Real Estate Math
A NJ seller pays a 6% commission on a $365,000 sale. The listing broker retains 60% of the total commission and pays the selling broker 40%. How much does the selling broker receive?
A$8,760✓ Correct
B$13,140
C$21,900
D$7,300
Explanation
Total commission = $365,000 × 6% = $21,900. Selling broker's share = $21,900 × 40% = $8,760. To solve this, multiply the relevant values: $365,000 at 6%.. The correct answer is $8,760.. This is a common calculation on the New Jersey real estate exam.
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