Real Estate Math
A South Carolina seller pays a 5.5% commission on a $415,000 sale. The listing broker splits equally with the buyer's broker. What does the listing broker's office receive?
A$22,825
B$11,412.50✓ Correct
C$11,413
D$22,000
Explanation
Total commission = $415,000 × 5.5% = $22,825.
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