Real Estate MathCommission CalculationsMEDIUM
A property sells for $340,000. The listing broker receives 3% and the selling broker receives 2.5%. If the selling agent splits their commission 70/30 with their broker, how much does the selling agent earn?
Correct Answer
B) $5,950
The selling broker's total commission is $340,000 × 2.5% = $8,500. The selling agent retains 70% of that amount: $8,500 × 0.70 = $5,950.
Answer Options
A
$4,250B
$5,950C
$7,140D
$8,500Why 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-calculationsbroker-agent-splitlisting-vs-selling-brokerreal-estate-math
Key Terms:
commission splitselling brokeragent earnings70/30 splitcommission calculation
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