Real Estate Math
A Vermont listing contract specifies a 5.5% commission. The property sells for $385,000. The listing broker and buyer's broker split the commission equally. How much does each broker receive?
A$10,000
B$10,588✓ Correct
C$11,000
D$12,500
Explanation
Total commission = $385,000 × 0.055 = $21,175.
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