Real Estate Math
A broker charges a 5.5% commission on a sale of $460,000. The listing agent receives 60% of the broker's commission. How much does the listing agent receive?
A$15,180✓ Correct
B$25,300
C$13,200
D$12,650
Explanation
Total commission = $460,000 × 0.055 = $25,300. Listing agent's share = $25,300 × 0.60 = $15,180. To solve this, multiply the relevant values: $460,000 at 5.5%.. The correct answer is $15,180.. This is a common calculation on the Pennsylvania real estate exam.
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