Real Estate Math
A property sold for $525,000. The listing broker and selling broker split the 5.5% commission equally. How much does each broker receive?
A$14,437.50✓ Correct
B$28,875
C$14,875
D$28,437.50
Explanation
Total commission: $525,000 × 0.055 = $28,875. Each broker receives half: $28,875 ÷ 2 = $14,437.50. To solve this, multiply the relevant values: $525,000 at 5.5%.. The correct answer is $14,437.50.. This is a common calculation on the Oregon real estate exam.
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