Real Estate Math
A home is listed at $250,000. The broker's commission is 6%. If the listing broker splits the commission 50/50 with a cooperating broker, how much does each broker receive?
A$7,500✓ Correct
B$15,000
C$12,500
D$6,000
Explanation
Total commission = $250,000 × 6% = $15,000. Split 50/50: $15,000 ÷ 2 = $7,500 each. To solve this, multiply the relevant values: $250,000 at 6%.. The correct answer is $7,500.. This is a common calculation on the Alabama real estate exam.
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