Real Estate Math
A Missouri seller agrees to pay a 7% commission on a $160,000 sale. The listing broker and selling broker split it 60/40. How much does the selling broker receive?
A$4,480✓ Correct
B$6,720
C$11,200
D$5,040
Explanation
Total commission = $160,000 × 7% = $11,200. Selling broker's 40% share = $11,200 × 40% = $4,480.
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