Real Estate Math
A listing agent earns a 6% commission on a sale of $875,000. The commission is split 50/50 with the buyer's agent brokerage. How much does the listing agent's brokerage receive?
A$26,250✓ Correct
B$52,500
C$87,500
D$105,000
Explanation
Total commission = $875,000 × 6% = $52,500. The listing brokerage's 50% share = $52,500 ÷ 2 = $26,250.
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