Real Estate Math
A listing broker charges 6% commission on a sale of $550,000. The listing broker splits 50% with the selling broker. The selling agent is on a 60/40 split with the selling broker. How much does the selling agent receive?
A$9,900✓ Correct
B$16,500
C$33,000
D$19,800
Explanation
Total commission = $550,000 × 0.06 = $33,000.
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