Real Estate Math
A house in Santa Fe sells for $650,000. The listing broker and selling broker split a 5% commission evenly, and each broker pays their associated salesperson 70% of the brokerage's share. How much does the selling salesperson earn?
A$11,375✓ Correct
B$16,250
C$22,750
D$32,500
Explanation
Total commission = $650,000 × 0.05 = $32,500. Each broker's share = $32,500 / 2 = $16,250. Selling salesperson = $16,250 × 0.70 = $11,375.
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