A property sells for $300,000. You handled the sale and get 40% of what your broker receives. The broker received $18,000. How much do you earn?
Correct Answer
A) $7,200.00
Your earnings = $18,000 × 0.40 = $7,200
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A property sells for $300,000. The commission rate is 6%, split equally between listing and selling brokers. What does each broker receive?
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A property sells for $300,000. You handled the sale and get 40% of what your broker receives. The broker received $18,000. How much do you earn?