Real Estate Math
A North Dakota property sold for $450,000 with a 6% commission. The listing broker keeps 55% of the gross commission and the buyer's broker keeps 45%. How much does the buyer's broker receive?
A$10,800
B$12,150✓ Correct
C$14,850
D$16,200
Explanation
Total commission = $450,000 × 6% = $27,000. Buyer's broker share = $27,000 × 45% = $12,150.
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