Real Estate Math
A broker charges 5% commission and splits it equally with the cooperating broker. The cooperating broker then pays their salesperson 40% of the cooperating side. If the property sold for $680,000, how much does the salesperson receive?
A$13,600
B$8,160
C$5,440
D$6,800✓ Correct
Explanation
Total commission = $680,000 × 5% = $34,000. Cooperating broker's half = $34,000 ÷ 2 = $17,000.
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