Real Estate Math
A Virginia brokerage has 15 agents. If they need to split $180,000 in total commissions equally (after the brokerage keeps 20%), how much does each agent receive?
A$9,600✓ Correct
B$12,000
C$10,000
D$8,000
Explanation
Agent pool = $180,000 × (1 – 0.20) = $144,000. Per agent = $144,000 ÷ 15 = $9,600. To solve this, multiply the relevant values: $180,000 at 20%.. The correct answer is $9,600.. This is a common calculation on the Virginia real estate exam.
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