Real Estate Math
A Georgia property sells for $425,000. The total commission is 6%, split equally between the listing and buyer's broker. Within the listing office, the listing agent receives 55% of their office's commission. What does the listing agent earn?
A$7,012.50✓ Correct
B$8,662.50
C$12,750
D$14,025
Explanation
Total commission = $425,000 × 6% = $25,500. Listing office share = $25,500 ÷ 2 = $12,750.
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