Real Estate Math
A Virginia salesperson earns a 2.8% co-op commission on a $525,000 sale. The broker takes 35% of the commission. What does the salesperson net?
A$5,145
B$7,175
C$9,555✓ Correct
D$14,700
Explanation
Commission = $525,000 × 2.8% = $14,700. Broker's share = $14,700 × 35% = $5,145. Salesperson's share = $14,700 − $5,145 = $9,555.
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