Real Estate Math
A Texas broker charges a 6% commission on a $450,000 sale. The listing brokerage and buyer's brokerage split the commission equally. The buyer's agent is on a 70/30 split with their broker. How much does the buyer's agent earn?
A$9,450✓ Correct
B$13,500
C$4,725
D$18,900
Explanation
Total commission = $450,000 × 6% = $27,000. Each brokerage = $13,500. Buyer's agent earns 70% of $13,500 = $9,450.
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