Real Estate Math
A Virginia home sells for $375,000. The seller's broker charges 6% commission split equally between buyer's and seller's broker. What does each broker receive?
A$9,375
B$11,250✓ Correct
C$22,500
D$12,500
Explanation
Total commission = $375,000 × 6% = $22,500. Split equally = $22,500 ÷ 2 = $11,250 per broker.
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