Real Estate Math
A 6% commission on a $450,000 sale is split 50/50 between listing and cooperating brokers. The listing broker then splits 60/40 (broker/agent) with their salesperson. What does the listing salesperson earn?
A$5,400✓ Correct
B$6,750
C$8,100
D$13,500
Explanation
Total commission = 6% × $450,000 = $27,000. Listing broker's half = $13,500. Salesperson's 40% share = $13,500 × 40% = $5,400. Let me re-read: broker retains 60%, agent gets 40%. So agent gets $13,500 × 0.40 = $5,400.
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