Real Estate Math
An Iowa home is listed for $259,000 and receives an offer for $250,000. The sellers counter at $255,000 and the buyer accepts. The listing broker earns 3% and buyer's broker earns 3% of the final sales price. What is the total commission?
A$15,300✓ Correct
B$15,540
C$7,770
D$7,500
Explanation
Total commission = $255,000 x 0.06 = $15,300.
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