Real Estate Math
An Oklahoma property sold for $385,000 with a 5.5% commission. The listing broker and selling broker split the commission 50/50. The selling agent receives 55% of the selling broker's half. How much does the selling agent receive?
A$21,175
B$11,646.25
C$5,823.13✓ Correct
D$10,578.75
Explanation
Total commission = $385,000 × 5.5% = $21,175.
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