Real Estate Math
A home sells for $575,000. The listing broker receives 2.5% and the buyer's broker receives 2.5%. Each broker splits 50/50 with their salesperson. How much does the listing salesperson earn?
A$7,188✓ Correct
B$6,110
C$14,375
D$8,266
Explanation
Listing broker commission = $575,000 × 2.5% = $14,375. Listing salesperson share = $14,375 × 50% = $7,187.50 ≈ $7,188.
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