Real Estate Math
A property sells for $540,000. The commission is 5.5% total. The listing broker and buyer's broker split it 55%/45%. How much does the buyer's broker receive?
A$13,365✓ Correct
B$16,335
C$29,700
D$14,850
Explanation
Total commission = $540,000 × 5.5% = $29,700.
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