Wisconsin Real Estate Sales Practice Exam

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Prepare for the Wisconsin Real Estate Sales Exam with comprehensive study resources. Access multiple choice questions and explanations. Get ready to succeed in your test!

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Totaling the entire commission amount of $8,000, how much did each broker earn in a 50/50 split?

$3,000
$4,000
$5,000
$2,000

The correct answer is: $4,000

In a 50/50 commission split, the total commission amount is divided equally between the two brokers involved in the transaction. Given the total commission of $8,000, each broker would receive half of that amount. To calculate each broker's share, you simply divide the total commission by 2: $8,000 ÷ 2 = $4,000. This calculation confirms that each broker earns $4,000 in this scenario. Understanding the concept of a 50/50 split is essential in real estate transactions, as it ensures that both parties benefit equally from the commission earned on a sale.