Real Estate Math
What is the commission earned if a property sells for $425,000 at a 5.5% commission rate, and the listing brokerage and selling brokerage split it 50/50?
A$11,688
B$23,375
C$11,687.50✓ Correct
D$10,625
Explanation
Total commission = $425,000 × 5.5% = $23,375.
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