Real Estate Math
A Vermont listing agent's commission on a $750,000 commercial property is 4%. After splitting 50/50 with the cooperating broker, the listing agent earns 60% of the listing broker's share. How much does the listing agent earn?
A$9,000✓ Correct
B$10,500
C$15,000
D$12,000
Explanation
Total commission = 4% x $750,000 = $30,000. Listing broker's half = $15,000.
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