Real Estate Math
A home sells for $385,000. The listing broker and selling broker each earn 3% commission. How much total commission is paid at closing?
A$11,550
B$23,100✓ Correct
C$7,700
D$15,400
Explanation
Total commission = $385,000 × 6% = $23,100. Each broker receives $11,550 (3% × $385,000).
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