Real Estate Math
A property sells for $325,000. The total commission rate is 6%. The listing broker and buyer's broker each receive 50% of the commission. How much does the listing broker receive?
A$9,750✓ Correct
B$19,500
C$13,000
D$6,500
Explanation
Total commission = $325,000 × 6% = $19,500. The listing broker's 50% share = $19,500 × 50% = $9,750.
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