Real Estate Math
A West Virginia agent earns 3% of the sale price as their commission. The agent's broker takes 30% of the agent's commission as a split. The property sold for $260,000. What does the agent net?
A$5,460✓ Correct
B$7,800
C$2,340
D$4,680
Explanation
Agent's commission = $260,000 x 0.03 = $7,800. Broker's 30% = $7,800 x 0.30 = $2,340. Agent nets = $7,800 - $2,340 = $5,460.
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