Real Estate Math
A broker earns a 6% commission on a $375,000 sale. If the broker splits the commission 60/40 with their firm (broker receives 60%), the broker's share is:
A$9,000
B$13,500✓ Correct
C$22,500
D$15,000
Explanation
Total commission = $375,000 x 0.06 = $22,500. Broker's share = $22,500 x 0.60 = $13,500. To solve this, multiply the relevant values: $375,000 at 6%.. The correct answer is $13,500.. This is a common calculation on the North Carolina real estate exam.
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