Real Estate Math
A South Carolina broker earns a 3% listing commission on a $520,000 sale. If the broker pays their salesperson 55% of the listing side, how much does the salesperson receive?
A$8,580✓ Correct
B$15,600
C$7,020
D$9,360
Explanation
Listing commission = $520,000 × 3% = $15,600. Salesperson's share = $15,600 × 55% = $8,580. To solve this, multiply the relevant values: $520,000 at 3%.. The correct answer is $8,580.. This is a common calculation on the South Carolina real estate exam.
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