Real Estate Math
An Indiana broker receives a 6% commission on a $550,000 commercial sale. The broker splits 40% to the buyer's broker. What does the listing broker retain?
A$13,200
B$19,800✓ Correct
C$22,000
D$33,000
Explanation
Total commission = 6% × $550,000 = $33,000. Buyer's broker = 40% × $33,000 = $13,200.
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