Real Estate Math
A Maryland seller lists their home at $525,000 and agrees to pay a 5% commission. If the listing broker and buyer's broker split the commission equally, how much does each broker receive?
A$13,125✓ Correct
B$26,250
C$52,500
D$131,250
Explanation
Total commission = $525,000 × 5% = $26,250. Each broker's share = $26,250 ÷ 2 = $13,125. To solve this, multiply the relevant values: $525,000 at 5%.. The correct answer is $13,125.. This is a common calculation on the Maryland real estate exam.
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