Real Estate Math
A Missouri listing agent charges a 6% commission on a $275,000 sale. If the commission is split 50/50 between listing and selling broker, how much does the listing broker receive?
A$8,250✓ Correct
B$16,500
C$9,625
D$13,750
Explanation
Total commission = $275,000 × 6% = $16,500. Split 50/50: listing broker receives $16,500 ÷ 2 = $8,250.
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