Final answer:
To find out how much commission is paid to the real estate agent, we need to calculate the total commission first. The total commission for the transaction is 6% of the property's selling price, which is $230,000. Then, we split the commission between the listing broker and the buyer's broker. Finally, we calculate the amount the real estate agent receives based on their split with the broker.
Step-by-step explanation:
To find out how much commission is paid to the real estate agent, we need to calculate the total commission first. The total commission for the transaction is 6% of the property's selling price, which is $230,000. So the total commission amount is 6% of $230,000, which is $13,800.
Next, we need to calculate the commission split between the listing broker and the buyer's broker. They agreed to split the commission 50/50, so each broker will receive $13,800 / 2 = $6,900.
Since the real estate agent has a 60/40 split with his broker, we can calculate the amount the agent receives by multiplying the broker's share by 60%. The broker's share is $6,900, so the agent's share is 60% of $6,900, which is $4,140. Therefore, the real estate agent will receive a commission of $4,140.