Real Estate Math
A Texas property sold for $512,000 with a 6% commission. The commission was split equally between the listing and selling broker. If the listing agent receives 50% of the listing broker's split, how much does the listing agent earn?
A$7,680✓ Correct
B$10,240
C$15,360
D$30,720
Explanation
Total commission = $512,000 × 0.06 = $30,720. Listing broker's half = $15,360. Listing agent's share = $15,360 × 0.50 = $7,680.
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