What is the earning potential for an agent with a 60% share of a 10% commission on a property sold at $200 per foot?

To determine the earning potential for an agent with a 60% share of a 10% commission on a property sold at $200 per foot, we first need to calculate the total commission on the sale of the property.

The commission is based on the sale price per foot. If the property is sold at $200 per foot and we assume the property is, for example, 1,000 square feet, the total sale price would be $200,000 (calculated as $200 per foot multiplied by 1,000 feet).

Next, the total commission on the sale at 10% would be calculated as follows:

Total commission = Sale price × Commission rate

Total commission = $200,000 × 10% = $20,000.

Now, since the agent has a 60% share of the total commission, we calculate the agent’s earnings by taking 60% of the total commission:

Agent's earnings = Total commission × Agent's share

Agent's earnings = $20,000 × 60% = $12,000.

In this scenario, if we strictly look for numerical matching from the answer choices provided (which appears unexpected since our calculation reaches $12,000), there might have been certain