Real Estate Math
A Kentucky property sells for $595,000 and a 5% commission is paid. The listing broker retains 3% (of the sale price) and the buyer's broker receives 2%. What is the buyer's broker commission?
A$8,925
B$11,900✓ Correct
C$14,875
D$17,850
Explanation
Buyer's broker commission = $595,000 × 2% = $11,900. To solve this, multiply the relevant values: $595,000 at 5%..
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