Real Estate Math
A listing agreement calls for a 6% commission on a $490,000 sale. The listing and selling brokers split the commission 50/50. How much does the listing broker receive?
A$9,800
B$14,700✓ Correct
C$19,600
D$29,400
Explanation
Total commission = $490,000 × 0.06 = $29,400.
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