Real Estate Math
A home sold for $195,000. The listing broker and buyer's broker split the 6% commission equally. The listing agent receives 55% of the listing side commission. How much does the listing agent receive?
A$3,217.50✓ Correct
B$6,435
C$5,850
D$3,412.50
Explanation
Total commission = $195,000 × 6% = $11,700. Each broker's side = $11,700 ÷ 2 = $5,850.
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