Florida Real Estate Practice Question
A broker lists a condo with an agreement for a 6% total commission. The commission is to be split 40% to the listing broker and 60% to the selling broker. A sales associate who works for the selling broker successfully brings a buyer, and the property sells for $1,250,000. If the sales associate’s independent contractor agreement with her broker calls for a 70% split of all commissions she brings into the office, how much is the sales associate's final cut?