Real Estate Math
A seller accepts an offer of $389,000. The listing agent's brokerage and selling agent's brokerage each receive 3% of the sale price. How much does each brokerage receive?
AA. $9,725
BB. $11,670
CC. $23,340✓ Correct
DD. $7,780
Explanation
Each brokerage receives 3% × $389,000 = $11,670. Total commission = $23,340 (6%), split equally between the two brokerages.
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