Real Estate Math
A South Carolina agent sells a house for $289,000. The commission is 5.5% total, split equally between listing and buyer's agent sides. The listing agent gets 70% of their side. What does the listing agent receive?
A$5,569.75✓ Correct
B$7,942.50
C$5,554.25
D$7,948.75
Explanation
Total commission = $289,000 × 5.5% = $15,895. Each side = $15,895 / 2 = $7,947.50. Listing agent (70%) = $7,947.50 × 70% = $5,563.25.75.
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