Real Estate MathCommission_calculationsMEDIUM
A property sells for $270,000. The listing broker receives 3% and the selling broker receives 2.5%. If the selling agent splits commissions 70/30 with their broker, what does the selling agent earn?
Correct Answer
B) $4,725
The selling broker's commission is $270,000 × 0.025 = $6,750. The selling agent retains 70% of that amount: $6,750 × 0.70 = $4,725.
Answer Options
A
$3,780B
$4,725C
$5,670D
$6,750Why This Is the Correct Answer
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Related Topics & Key Terms
Related Topics:
commission-splitbroker-agent-splitselling-side
Key Terms:
$4,725commission split70%2.5%
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