Real Estate Math
A Michigan property sells for $320,000. The total commission is 6%. The listing broker and buyer's broker split it equally. How much does each broker receive?
A$9,600✓ Correct
B$19,200
C$11,520
D$14,400
Explanation
Total commission = $320,000 × 6% = $19,200. Each broker's share = $19,200 ÷ 2 = $9,600.
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