Real Estate Math
A Morgantown, WV broker charges a 6% commission on a $320,000 sale. The commission is split 50/50 with the cooperating broker. The listing salesperson receives 40% of the listing broker's share. How much does the listing salesperson earn?
A$3,840✓ Correct
B$9,600
C$7,680
D$4,800
Explanation
Total commission = $320,000 x 0.06 = $19,200. Listing broker's 50% share = $9,600. Listing salesperson's 40% = $9,600 x 0.40 = $3,840.
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