Real Estate Math
A Vermont home is listed at $425,000. The listing broker offers a 3% co-op commission to the buyer's broker. How much will the buyer's broker earn?
A$10,625
B$12,750✓ Correct
C$8,500
D$15,000
Explanation
3% x $425,000 = $12,750. The buyer's broker earns $12,750 as the co-operating commission.
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