Real Estate Math
A Virginia agent earns a 3% commission on a $480,000 sale. The agent keeps 55% of the commission and the brokerage keeps 45%. How much does the agent earn?
A$7,920✓ Correct
B$14,400
C$7,200
D$8,640
Explanation
Total commission = $480,000 × 3% = $14,400. Agent share = $14,400 × 55% = $7,920. To solve this, multiply the relevant values: $480,000 at 3%.. The correct answer is $7,920.. This is a common calculation on the Virginia real estate exam.
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