Real Estate Math
A Maine listing agent co-broke on a sale with a buyer's agent. The total commission is 5% on a $360,000 sale, split 50/50. The listing agent's brokerage receives:
A$9,000✓ Correct
B$10,000
C$18,000
D$7,200
Explanation
Total commission = $360,000 × 5% = $18,000. Each brokerage receives 50%: $18,000 ÷ 2 = $9,000.
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