Real Estate Math
A commission of 5.5% is split 50/50 between listing and selling brokerages. The home sells for $480,000. How much does each brokerage receive?
A$13,200✓ Correct
B$26,400
C$12,000
D$24,000
Explanation
Total commission = $480,000 × 0.055 = $26,400. Each brokerage receives $26,400 ÷ 2 = $13,200. To solve this, multiply the relevant values: $480,000 at 5.5%.. The correct answer is $13,200.. This is a common calculation on the Utah real estate exam.
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