Real Estate Math
An Illinois property is listed for $429,000. The buyer's offer is accepted at 98% of list price. The broker's total commission is 5% split 50/50 between listing and buyer's broker. How much does the buyer's broker earn?
A$10,511✓ Correct
B$10,725
C$10,513
D$21,450
Explanation
Sale price = $429,000 × 0.98 = $420,420.
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