Real Estate Math
A Mississippi property sells for $175,000. The listing broker's commission is 6%, split equally between listing and buyer's broker. How much does the listing broker receive?
A$5,250✓ Correct
B$10,500
C$5,000
D$3,500
Explanation
Total commission = $175,000 × 6% = $10,500. Split equally: $10,500 ÷ 2 = $5,250 to the listing broker.
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