Real Estate Math
A Pennsylvania salesperson has a 70/30 split with their broker (70% to salesperson). They close 3 transactions at $4,500 commission each. What does the broker retain?
A$4,050
B$9,450✓ Correct
C$4,500
D$1,350
Explanation
Total commissions = 3 × $4,500 = $13,500. Broker retains 30% = $13,500 × 0.30 = $4,050. Salesperson keeps 70% = $9,450. This split favors the salesperson — typical for high-producing agents at many Pennsylvania brokerages.
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