Real Estate Math
A commission of 6% is earned on a $275,000 sale. The listing and selling brokers split the commission 50/50, and the selling agent receives 60% of the selling broker's share. How much does the selling agent receive?
A$4,950✓ Correct
B$8,250
C$4,500
D$9,900
Explanation
Total commission = $275,000 x 6% = $16,500. Each broker receives $8,250. Selling agent receives 60% of $8,250 = $4,950.
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