Real Estate Math
A listing broker receives 50% of a 6% commission on a $400,000 sale. What is the listing broker's share?
A$8,000
B$10,000
C$12,000✓ Correct
D$14,000
Explanation
Total commission = $400,000 x 6% = $24,000. Listing broker's 50% = $24,000 x 50% = $12,000. To solve this, multiply the relevant values: $400,000 at 50%.. The correct answer is $12,000.. This is a common calculation on the North Carolina real estate exam.
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