Real Estate Math

A Washington property sells for $635,000 with a 6% total commission. The listing broker takes 3.5% and the co-op broker takes 2.5%. What does the listing broker earn?

A$15,875

B$22,225✓ Correct

C$38,100

D$19,050

Explanation

Listing broker's share = $635,000 × 3.5% = $22,225. To solve this, multiply the relevant values: $635,000 at 6%.. The correct answer is $22,225.. This is a common calculation on the Washington real estate exam.

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