Real Estate Math
A Virginia home listed for $425,000 sells at 97% of list price. The 6% commission is split 50/50. How much does each brokerage receive?
A$12,750
B$12,367.50✓ Correct
C$6,375
D$11,985
Explanation
Sale price = $425,000 × 97% = $412,250. Total commission = $412,250 × 6% = $24,735.
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