Real Estate Math
A Wyoming salesperson sells a property for $625,000 at a 6% total commission. The commission is split 50/50 between listing and selling brokers. The selling salesperson earns 70% of the selling brokerage's share. How much does the selling salesperson earn?
A$9,000
B$10,500
C$13,125✓ Correct
D$18,750
Explanation
Total commission = $625,000 × 6% = $37,500. Selling brokerage share = $37,500 ÷ 2 = $18,750. Salesperson earns 70% = $18,750 × 0.70 = $13,125.
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