Real Estate Math
A Utah listing sells for $498,000. The listing broker and selling broker each receive 3% of the sale price. Each broker splits 60/40 with their agents. How much does the listing agent personally receive?
A$8,964✓ Correct
B$14,940
C$29,880
D$7,470
Explanation
Each side = $498,000 × 0.03 = $14,940. Listing agent's 60% = $14,940 × 0.60 = $8,964. To solve this, multiply the relevant values: $498,000 at 3%.. The correct answer is $8,964.. This is a common calculation on the Utah real estate exam.
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