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You have just completed a settlement for a home that sold for $380,000 and you are calculating your commission. It was a 6 percent commission and a co-op broker had the listing. Your employment agreement has your commission split set at 65 percent. How much will your broker retain after he has paid you?

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The New Jersey Real Estate Salesperson Exam has 120 questions and you are given 4 hours to complete it.
 


You have just completed a settlement for a home that sold for $380,000 and you are calculating your commission. It was a 6 percent commission and a co-op broker had the listing. Your employment agreement has your commission split set at 65 percent. How much will your broker retain after he has paid you?





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