Practice Of Real EstateBrokerage_operationsHARD
A property sells for $260,000 with a 6% commission split equally between the listing broker and the selling broker. The listing agent receives 55% of the listing broker's share. How much does the listing agent earn?
Correct Answer
C) $4,290
Step 1: total commission = $260,000 × 6% = $15,600. Step 2: listing broker's half = $15,600 × 50% = $7,800. Step 3: listing agent's share = $7,800 × 55% = $4,290.
Answer Options
A
$71,500B
$8,580C
$4,290D
$7,800Why This Is the Correct Answer
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Key Terms:
brokerage_operationscommissionagent_splitbrokerage_math
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