Real Estate Math
An investment property sells for $1,500,000 with a 5% commission. The listing office retains 50% of the total commission and splits the balance equally with the selling office. How much does the selling office receive?
A$18,750✓ Correct
B$37,500
C$75,000
D$56,250
Explanation
Total commission = $1,500,000 × 0.05 = $75,000.
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