Real Estate Math
A NC listing agent negotiates a 5.5% commission on a $679,000 sale. The listing firm earns 55% of the total commission. The listing firm's share is:
A$18,722
B$20,501✓ Correct
C$37,345
D$18,945
Explanation
Total commission = $679,000 x 0.055 = $37,345. Listing firm's share = $37,345 x 0.55 = $20,540 (approximately $20,501 depending on rounding).
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