Real Estate MathCommission CalculationsMEDIUM
A property sold for $350,000. The listing broker receives 3% and the selling broker receives 3%. The selling agent's split with their broker is 70/30. How much does the selling agent earn?
Correct Answer
B) $7,350
Selling broker's commission = $350,000 × 0.03 = $10,500. Selling agent's share = $10,500 × 0.70 = $7,350.
Answer Options
A
$3,150B
$7,350C
$10,500D
$14,700Why This Is the Correct Answer
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Related Topics & Key Terms
Related Topics:
commission-flowbroker-agent-splitlisting-selling-splittotal-commission
Key Terms:
commission split$7,35070/30selling agentmulti-step
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