Georgia Multiple Listing Service (MLS) Practice Exam 2026 - Free MLS Practice Questions and Study Guide

To determine the agent's share from a property sold for $139,000 with a 6% commission split and a 60/40 split with the broker, you start by calculating the total commission on the sale.

First, calculate the total commission by multiplying the sale price by the commission rate:

$139,000 x 0.06 = $8,340.

Next, since the agent and broker agreed on a 60/40 split, the agent receives 60% of the total commission.

To find the agent's share, calculate 60% of $8,340:

$8,340 x 0.60 = $5,004.

It seems there was a misunderstanding in the answer options listed. The calculation here leads to the agent's share being $5,004, not $2,502. The importance of understanding the commission structure and how percentages work in real estate transactions is crucial for agents to effectively manage their earnings and negotiate their share with brokers.

Therefore, it is essential to always perform the commission calculations with both the total sale price and the respective commission percentages to ascertain the correct amounts for both the agent and broker.