Real Estate Math
An Oklahoma agent listed a property and earned a 3% listing commission on the $345,000 sale. After paying a 25% referral fee to the referring agent, what does the listing agent net?
A$7,762.50✓ Correct
B$10,350.00
C$7,325.00
D$8,250.00
Explanation
Commission = $345,000 x 3% = $10,350. Referral fee = $10,350 x 25% = $2,587.
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