Real Estate Math
A home sold for $240,000. The listing broker and buyer's broker split the 6% commission equally. How much did each broker receive?
A$6,000
B$7,200✓ Correct
C$14,400
D$8,640
Explanation
Total commission = $240,000 x 6% = $14,400. Each broker's share = $14,400 / 2 = $7,200.
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