Real Estate Math
A North Dakota broker lists a property at $375,000 under an exclusive right to sell agreement with a 5.5% commission. The property sells for the listing price. How much does the cooperating buyer's broker earn if the commission is split 50/50?
A$9,375
B$10,312.50✓ Correct
C$11,250
D$12,375
Explanation
Total commission = $375,000 × 5.5% = $20,625.
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