Real Estate Math
A broker receives a 5.5% commission on a $260,000 sale and splits it 55/45 with a cooperating broker. How much does the cooperating broker receive?
A$6,435✓ Correct
B$7,865
C$7,150
D$8,580
Explanation
Total commission = $260,000 × 5.5% = $14,300.
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