Real Estate Math
A property sells for $475,000. The listing agent receives a 6% commission, split equally between listing and buying sides. What does the listing agent's broker receive?
A$9,500
B$14,250✓ Correct
C$28,500
D$57,000
Explanation
Total commission = $475,000 × 6% = $28,500. Listing side = $28,500 ÷ 2 = $14,250. The listing broker receives $14,250.
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