Exam math
Commission and split calculator
Four steps from a sale price to what actually reaches you: the gross, the side, the split, and any flat transaction fee. Commission questions on the exam are almost always testing whether you halve at the right point.
Your figures
Always negotiable. It is never set by law, by an association or by an MLS, and any suggestion of a standard rate is a price-fixing problem.
Your share of the side before any transaction fee.
A flat fee some brokerages take per transaction on top of the split.
Your net
$12,355.00
From $42,500.00 gross commission, after the listing side share and a 60% split.
Complete results, no email, no account. Every calculation here is backed by a tested fixture, so the figure you see is the figure the test asserts. How we verify
How this is calculated
Gross commission is the sale price multiplied by the total rate. If the transaction has two sides and you represented one of them, halve the gross to get your side. If you represented both, with the informed written consent both parties must give, you take the whole gross as your side.
Your split is a percentage of that side, and it is your share before any flat fee. A transaction or desk fee comes off after the split, which is why a 60% split with a $395 fee is not the same as a 60% split without one.
The point the exam actually tests is the halving. A question that gives you a sale price, a rate and a split, and asks what the listing agent receives, is checking whether you divided the gross between two sides before applying the split. Applying the split to the full gross doubles the answer.
The legal point behind all of it: commission is always negotiable between the broker and the principal, and never set by law, by an association or by a multiple listing service. Any agreement among competing brokers to fix a rate is price fixing. Laws of Agency covers why.