Real Estate Math
A buyer's agent earns 3% on a $520,000 sale. The agent is on a 70/30 split (agent/broker). How much does the agent receive?
A$10,920✓ Correct
B$15,600
C$4,680
D$7,800
Explanation
Total buyer's agent commission = $520,000 × 0.03 = $15,600. Agent receives 70% = $15,600 × 0.70 = $10,920.
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