Real Estate Math
A listing broker offers 3% buyer-agent co-op commission on a $500,000 sale. The buyer's broker splits 50/50 with their salesperson. What does the buyer's salesperson earn?
A$5,000
B$7,500✓ Correct
C$15,000
D$3,750
Explanation
Co-op commission = 3% × $500,000 = $15,000. Buyer's broker receives $15,000. Buyer's salesperson 50% split = $15,000 × 50% = $7,500. Commission calculations require tracking through each step of the co-op and split structure.
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