Real Estate Math
An Iowa property's list price is $189,900. The property sells after a seller concession of $4,500. The buyer's agent and listing agent split the 6% commission on the final sale price. How much does each side earn?
A$5,697
B$5,697 each (total $11,394)
C$11,394 each
D$5,562 each✓ Correct
Explanation
Sale price = $189,900 - $4,500 = $185,400. Total commission = $185,400 x 0.
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