Real Estate Math
A property sells for $275,000. The commission rate is 6%, split equally between listing and selling brokers. How much does each broker receive?
A$8,250✓ Correct
B$16,500
C$9,900
D$13,750
Explanation
Total commission = $275,000 × 6% = $16,500. Split equally: $16,500 ÷ 2 = $8,250 per broker. To solve this, multiply the relevant values: $275,000 at 6%.. The correct answer is $8,250.. This is a common calculation on the Nebraska real estate exam.
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