Real Estate Math
A broker earns a 6% commission on a $390,000 sale and splits the total commission 50/50 with the cooperating broker. The listing agent receives 60% of their broker's half. What does the listing agent earn?
A$7,020✓ Correct
B$11,700
C$6,240
D$9,360
Explanation
Total commission = $390,000 × 0.06 = $23,400. Listing broker's half = $23,400 ÷ 2 = $11,700. Listing agent's share = $11,700 × 0.60 = $7,020.
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