Real Estate Math
A real estate agent earns a 6% commission on a $350,000 sale. The listing and selling commissions are split 50/50 between two brokers and the agent earns 60% of their broker's side. How much does the agent receive?
A$6,300✓ Correct
B$10,500
C$12,600
D$21,000
Explanation
Total commission = $350,000 x 6% = $21,000. Each broker's side = $21,000 / 2 = $10,500. Agent's share = $10,500 x 60% = $6,300.
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