Real Estate Math
An Iowa broker receives a 6% commission on a $425,000 sale. The broker's office keeps 40%, and the rest is split equally between the listing and buyer's agents. How much does the listing agent receive?
A$6,120
B$7,650✓ Correct
C$10,200
D$12,750
Explanation
Total commission = $425,000 × 6% = $25,500. Office keeps 40% = $10,200.
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