Real Estate Math
A broker's 3% listing commission on a $575,000 sale is split 50/50 with the buyer's broker. The listing agent has a 65% split with their broker. How much does the listing agent earn?
A$5,606.25✓ Correct
B$8,625
C$5,200
D$7,187.50
Explanation
Total commission = $575,000 × 3% = $17,250. Listing brokerage's share = $17,250 × 50% = $8,625. Listing agent's share = $8,625 × 65% = $5,606.25.
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