Real Estate Math
A real estate agent sells a property for $525,000, earning a 3% commission. The agent's broker receives 30% of the commission split. How much does the agent net?
A$11,025✓ Correct
B$15,750
C$4,725
D$12,600
Explanation
Total commission = $525,000 × 3% = $15,750. Broker's 30% share = $15,750 × 30% = $4,725. Agent's share = $15,750 – $4,725 = $11,025.
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