Colorado Real Estate Broker Exam — All Questions
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1 questions
Real Estate Calculations
A home sells for $420,000 and the total commission is 6 percent, split evenly between the listing and selling brokerages. How much does the listing brokerage receive?
- a.$25,200
- b.$4,200
- c.$12,600✓
- d.$8,400
The total commission is 6 percent of $420,000, which equals $25,200. Splitting that evenly gives each brokerage half: $25,200 divided by 2 equals $12,600. Always confirm which figure the question asks for, since it requests only the listing side, not the full commission.