Real Estate Math
A Newport listing agent earns a 6% commission on a $750,000 sale. The listing broker and buyer's broker split the commission 50/50. The listing agent keeps 70% of the listing broker's share. How much does the listing agent earn?
A$15,750✓ Correct
B$22,500
C$31,500
D$45,000
Explanation
Total commission: $750,000 x 0.06 = $45,000. Listing broker's 50% share: $22,500. Listing agent's 70% of that: $22,500 x 0.70 = $15,750.
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