Real Estate Math
A salesperson earns 60% of their brokerage's 3% share on a $500,000 sale. How much does the salesperson earn?
A$6,000
B$7,500
C$9,000✓ Correct
D$15,000
Explanation
Brokerage commission = $500,000 × 0.03 = $15,000. Salesperson's share = $15,000 × 0.60 = $9,000. To solve this, multiply the relevant values: $500,000 at 60%.. The correct answer is $9,000.. This is a common calculation on the New Mexico real estate exam.
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