Real Estate Math
A Long Island property sells for $485,000. The listing broker charges 5.5% commission, split 50/50 with the buyer's broker. Each broker's firm receives:
A$26,675
B$13,337.50✓ Correct
C$6,668.75
D$53,350
Explanation
Total commission = $485,000 × 5.5% = $26,675.
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