Real Estate Math
A West Virginia salesperson earns a commission at a 70/30 split with their broker (70% to agent). The property sold for $265,000 at a 6% total commission split 50/50 between brokerages. How much does the salesperson net?
A$5,565✓ Correct
B$7,950
C$11,130
D$9,540
Explanation
Total commission = $265,000 x 0.06 = $15,900. Listing brokerage's 50% = $7,950. Agent's 70% = $7,950 x 0.70 = $5,565.
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