Real Estate Math
A West Virginia home sells for $185,000. The commission rate is 6%, split 50/50 between the listing and buyer's broker. The listing agent receives 70% of the listing broker's share. How much does the listing agent earn?
A$3,885✓ Correct
B$5,550
C$6,475
D$7,770
Explanation
Total commission = $185,000 × 6% = $11,100. Listing broker's share = $11,100 ÷ 2 = $5,550.
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