Real Estate Math
A Virginia agent's team member sells a $700,000 listing. The listing agent receives 3%, and the buyer's agent receives 3%. The listing agent gives 25% to the team lead. What does the listing agent net?
A$15,750✓ Correct
B$16,500
C$21,000
D$14,000
Explanation
Listing side commission = $700,000 × 3% = $21,000. Amount given to team lead = $21,000 × 25% = $5,250.
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