Real Estate Math
A New Mexico broker charges a 6% commission on the sale of a $350,000 home. The broker splits this 50/50 with the buyer's broker. How much does each broker receive?
A$10,500✓ Correct
B$12,000
C$21,000
D$7,000
Explanation
Total commission = $350,000 x 6% = $21,000. Each broker receives $21,000 / 2 = $10,500.
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