Real Estate Math
A house is listed at $380,000 and sells for 97% of the list price. The listing broker and buyer's broker split the 6% commission equally. How much does each brokerage receive?
A$11,400
B$11,058✓ Correct
C$6,840
D$11,970
Explanation
Sale price = $380,000 × 0.97 = $368,600.
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