Real Estate Math
A broker charges a 6% commission on a $425,000 sale. The cooperating broker receives 50% of the commission. How much does the cooperating broker receive?
A$12,750✓ Correct
B$25,500
C$6,375
D$15,300
Explanation
Total commission: $425,000 × 0.06 = $25,500. Cooperating broker's share: $25,500 × 0.50 = $12,750. To solve this, multiply the relevant values: $425,000 at 6%.. The correct answer is $12,750.. This is a common calculation on the Michigan real estate exam.
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