Real Estate Math
A broker lists a home for $275,000 and earns a 6% commission. The listing broker and selling broker split the commission 50/50. How much does each broker receive?
A$6,875
B$8,250✓ Correct
C$9,625
D$11,000
Explanation
Total commission = $275,000 × 6% = $16,500. Each broker's share = $16,500 ÷ 2 = $8,250.
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