Real Estate Math
A broker earns a 5% commission on a $550,000 sale and splits 50/50 with the cooperating broker. How much does the listing broker receive?
A$13,750✓ Correct
B$27,500
C$55,000
D$41,250
Explanation
Total commission = $550,000 x 5% = $27,500. Split 50/50: listing broker receives $27,500 / 2 = $13,750.
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