Real Estate Math
A Rhode Island agent earns a 5% commission on a $460,000 sale. The agent's split with the broker is 55% to the agent and 45% to the broker. What does the agent earn?
A$11,500
B$12,650✓ Correct
C$23,000
D$25,300
Explanation
Total commission = $460,000 x 0.05 = $23,000. Agent's share = $23,000 x 0.55 = $12,650. To solve this, multiply the relevant values: $460,000 at 5%.. The correct answer is $12,650.. This is a common calculation on the Rhode Island real estate exam.
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