Real Estate MathCommission CalculationsMEDIUM
A property sells for $240,000. The total commission is 5.5%, split so the listing broker receives 3% and the selling broker receives 2.5%. The selling agent receives 65% of their broker's share. What does the selling agent earn?
Correct Answer
B) $3,900
The selling broker's share is $240,000 × 2.5% = $6,000. The selling agent receives 65% of that amount: $6,000 × 0.65 = $3,900.
Answer Options
A
$3,120B
$3,900C
$4,680D
$6,000Why This Is the Correct Answer
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Why the Other Options Are Wrong
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Deep Analysis of This Real Estate Math Question
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Background Knowledge for Real Estate Math
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Related Topics & Key Terms
Related Topics:
commission splitsbroker compensationlisting vs. selling brokeragent compensationMLS cooperation
Key Terms:
commission splitselling brokerbuyer's agentcooperative commissionagent compensation
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