Real Estate Math
A West Virginia broker sells a home for $320,000 on a 6% commission. The listing broker retains 55% and pays the cooperating broker 45%. What does the cooperating broker receive?
A$8,640✓ Correct
B$10,560
C$9,600
D$7,200
Explanation
Total commission = $320,000 x 0.06 = $19,200. Cooperating broker's 45% = $19,200 x 0.45 = $8,640. To solve this, multiply the relevant values: $320,000 at 6%.. The correct answer is $8,640.. This is a common calculation on the West Virginia real estate exam.
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