Real Estate Math
A NJ seller agrees to pay a 5.5% commission on a $420,000 sale. If the listing and selling brokers split the commission 50/50, how much does the listing broker receive?
A$11,550✓ Correct
B$23,100
C$12,600
D$10,500
Explanation
Total commission = $420,000 × 5.5% = $23,100.
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