A home sells for $350,000. The listing side earns 3% and the selling side earns 2.5% of the sale price. The selling agent splits their side 70/30 with their broker. How much does the selling agent earn?
Correct Answer
B) $6,125
The selling side commission is $350,000 × 2.5% = $8,750. The selling agent retains 70% of that amount: $8,750 × 0.70 = $6,125.
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