Real Estate Math
A Missouri commercial property sells for $1,200,000 with a 4% commission. The listing broker and selling broker split equally. How much does each broker receive?
A$24,000✓ Correct
B$48,000
C$12,000
D$60,000
Explanation
Total commission = $1,200,000 × 4% = $48,000. Each broker receives $48,000 ÷ 2 = $24,000.
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