Real Estate Math
A South Dakota broker receives a 6% commission on a $425,000 sale. If the listing broker retains 50% and the selling broker retains 50%, and the listing salesperson gets 55% of the listing broker's split, how much does the listing salesperson earn?
A$6,247.50
B$7,012.50✓ Correct
C$12,750
D$14,025
Explanation
Total commission: $425,000 × 6% = $25,500. Listing broker's half: $25,500 × 50% = $12,750.
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