Real Estate Math
A licensee earns a 6% commission on a $175,000 sale. If the commission is split 50/50 between listing and buyer's brokers, and each broker pays their agent 60%, how much does each agent earn?
A$3,150✓ Correct
B$5,250
C$3,750
D$2,625
Explanation
Total commission = $175,000 x 0.06 = $10,500. Each broker receives $5,250. Each agent receives $5,250 x 0.60 = $3,150.
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