Real Estate Math
A Wisconsin listing agent negotiates a 6% commission on a $385,000 sale. The cooperating broker receives 50% of the total commission. The cooperating broker's agent earns 60% of the cooperating broker's share. How much does the cooperating agent earn?
A$6,930✓ Correct
B$7,700
C$11,550
D$13,860
Explanation
Total commission = $385,000 × 6% = $23,100. Cooperating broker's 50% = $11,550. Cooperating agent's 60% = $11,550 × 0.60 = $6,930.
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