Real Estate Math
A Connecticut salesperson sells a property for $875,000. The total commission is 5%, split 50/50 between the listing and selling offices. The selling salesperson's broker takes 35%. What does the selling salesperson earn?
A$21,875
B$14,219✓ Correct
C$15,313
D$12,500
Explanation
Total commission = $875,000 × 5% = $43,750. Selling office = $43,750 × 50% = $21,875.
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