Real Estate Math
A broker earns 3% commission on a $1,200,000 commercial sale. The broker retains 70% and pays 30% to the cooperating agent. How much does the cooperating agent receive?
A$10,800✓ Correct
B$25,200
C$36,000
D$12,600
Explanation
Total commission = $1,200,000 × 3% = $36,000. Cooperating agent share (30%) = $36,000 × 30% = $10,800.
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