Real Estate Math
An agent lists a Texas home with a 6% commission. The home sells for $415,000. The listing and selling brokers split the commission 50/50. The listing agent receives 60% of the listing broker's share. How much does the listing agent earn?
A$7,470✓ Correct
B$7,665
C$7,380
D$8,100
Explanation
Total commission = $415,000 × 0.06 = $24,900. Listing broker's share = $12,450. Listing agent = $12,450 × 0.60 = $7,470.
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