Real Estate Math
A Vermont listing agreement provides for a 6% commission. The property sells for $295,000. The cooperating broker receives 50% of the commission. How much does the cooperating broker receive?
A$7,375
B$8,850✓ Correct
C$17,700
D$4,425
Explanation
Total commission = 6% x $295,000 = $17,700. Cooperating broker's share = 50% x $17,700 = $8,850.
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