Real Estate Math
A New York broker sold a property for $525,000 and earned a 6% commission. The listing broker and buyer's broker agreed to split the commission 55%/45%. How much did the buyer's broker receive?
A$14,175✓ Correct
B$17,325
C$31,500
D$28,875
Explanation
Total commission = $525,000 x 0.06 = $31,500.
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