Real Estate Math
A listing broker receives a 6% commission on the sale of a $350,000 home. The listing broker splits the commission 50/50 with the selling broker. How much does the listing broker receive?
A$9,000
B$10,500✓ Correct
C$12,000
D$21,000
Explanation
Total commission = $350,000 x 6% = $21,000. Each broker receives $21,000 / 2 = $10,500.
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