Real Estate Math
A Vermont seller accepts an offer of $419,000. The listing broker's commission is 5%. The listing and selling brokers split it 55%/45%. How much does the selling (buyer's) broker receive?
A$9,428
B$9,427.50✓ Correct
C$11,523
D$10,000
Explanation
Total commission = 5% x $419,000 = $20,950. Selling broker's share = 45% x $20,950 = $9,427.50. To solve this, multiply the relevant values: $419,000 at 5%.. The correct answer is $9,427.50.. This is a common calculation on the Vermont real estate exam.
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