Real Estate Math
A property sells for $425,000. The listing commission is 6%, split equally between the listing broker and the buyer's broker. How much does each broker receive?
AA. $12,750✓ Correct
BB. $25,500
CC. $6,375
DD. $8,500
Explanation
$425,000 × 6% = $25,500 total commission. Split equally: $25,500 ÷ 2 = $12,750 to each broker.
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