Real Estate Math
A property sold for $425,000. The listing broker and selling broker each receive 3% commission. How much does the listing broker earn?
A$8,500
B$12,750✓ Correct
C$25,500
D$51,000
Explanation
Listing broker commission = 3% × $425,000 = $12,750. To solve this, multiply the relevant values: $425,000 at 3%..
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