Real Estate Math
A broker earns a 6% commission on a $390,000 sale and splits it 60/40 with the co-op broker. How much does the listing broker receive?
A$9,360
B$11,700
C$14,040✓ Correct
D$23,400
Explanation
Total commission = $390,000 x 6% = $23,400. Listing broker's share = $23,400 x 60% = $14,040. To solve this, multiply the relevant values: $390,000 at 6%.. The correct answer is $14,040.. This is a common calculation on the Ohio real estate exam.
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