Real Estate Math
A Connecticut property sells for $725,000. The seller's broker charges a 5% commission, split 50/50 between the listing and selling offices. The listing salesperson earns 55% of the listing office's share. How much does the listing salesperson earn?
A$36,250
B$19,937.50
C$18,125
D$9,968.75✓ Correct
Explanation
Total commission = $725,000 × 5% = $36,250. Listing office share = $36,250 × 50% = $18,125.
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