Real Estate Math
A Massachusetts broker earns a 6% commission split equally between the listing broker and selling broker. The sale price is $750,000. If the selling broker retains 50% and pays the selling agent 50%, how much does the selling agent earn?
A$11,250✓ Correct
B$22,500
C$45,000
D$5,625
Explanation
Total commission = $750,000 × 6% = $45,000. Each broker = $45,000 ÷ 2 = $22,500. Selling agent = $22,500 × 50% = $11,250.
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