Real Estate Math
A New Mexico broker receives a 6% commission on a $480,000 sale. The broker's associate gets 40% of the office's 60% split. How much does the associate receive?
A$6,912✓ Correct
B$11,520
C$17,280
D$28,800
Explanation
Total commission = $480,000 x 6% = $28,800. Office split (60%) = $28,800 x 60% = $17,280. Associate split (40% of $17,280) = $17,280 x 40% = $6,912.
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