Real Estate Math
An agent lists a home at a 5% commission split 50/50 with a buyer's agent. The home sells for $480,000. How much does the listing broker's office receive?
A$12,000✓ Correct
B$24,000
C$14,400
D$10,000
Explanation
Total commission = $480,000 x 5% = $24,000. Each side = $24,000 / 2 = $12,000.
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