Real Estate MathMixed_practiceMEDIUM
A broker lists a property and negotiates a 7 percent commission. The property sells for $425,000. The listing broker splits the commission 50/50 with the selling broker. The selling agent receives 70 percent of the selling broker's share. How much does the selling agent earn?
Correct Answer
D) $10,413
Total commission = $425,000 × 7% = $29,750. Selling broker's share = $29,750 × 50% = $14,875. Selling agent's share = $14,875 × 70% = $10,412.50 ≈ $10,413.
Answer Options
A
$14,875B
$20,825C
$29,750D
$10,413Why 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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Real World Application in Real Estate Math
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Related Topics & Key Terms
Key Terms:
commissionsplitselling_agentcalculationreal_estate_math
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