Real Estate Math
A listing agent earns 3% commission and the buyer's agent earns 3% on a $350,000 sale. How much does the listing broker keep if the listing agent splits 60/40 with the broker (agent gets 60%)?
A$10,500
B$4,200✓ Correct
C$6,300
D$21,000
Explanation
Total listing commission: $350,000 x 3% = $10,500. Agent gets 60%: $10,500 x 60% = $6,300. Broker keeps 40%: $10,500 x 40% = $4,200.
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