Real Estate Math
A property in Charlotte sells for $620,000. The listing firm (representing the seller) earns a total 5% commission. The co-op split is 50/50 between listing and selling firms. Each firm earns:
A$15,500✓ Correct
B$31,000
C$12,400
D$24,800
Explanation
Total commission = $620,000 x 0.05 = $31,000.
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