Real Estate Math
A broker charges a 6% commission on a $425,000 sale. The listing agent receives 3% and the buyer's agent receives 3%. How much does the listing agent's brokerage receive?
A$10,200
B$12,750✓ Correct
C$25,500
D$21,675
Explanation
Listing agent's brokerage share = 3% × $425,000 = $12,750. To solve this, multiply the relevant values: $425,000 at 6%..
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