Real Estate Math
A property sells for $275,000. The commission rate is 6%. The listing broker and buyer's broker split the commission equally. How much does the listing broker receive?
A$8,250✓ Correct
B$16,500
C$9,900
D$12,375
Explanation
Total commission = $275,000 × 6% = $16,500. Each broker receives half: $16,500 ÷ 2 = $8,250.
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