Real Estate Math
A home sells for $275,000. The total commission is 6%, split equally between the listing broker and the buyer's broker. The listing agent earns 60% of their broker's share. How much does the listing agent earn?
A$4,950✓ Correct
B$8,250
C$9,900
D$16,500
Explanation
Total commission: $275,000 × 0.06 = $16,500. Listing broker's share: $16,500 ÷ 2 = $8,250. Listing agent's share: $8,250 × 0.60 = $4,950.
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