Real Estate Math
A seller accepts an offer of $285,000 and pays 6% commission. The listing agent's firm keeps 60% of the total commission, and the listing agent earns 55% of their firm's share. How much does the listing agent earn?
A$5,643✓ Correct
B$5,346
C$4,797
D$9,405
Explanation
Total commission = $285,000 × 6% = $17,100. Listing firm share = $17,100 × 60% = $10,260. Listing agent = $10,260 × 55% = $5,643.
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