Real Estate Math
A Virginia home sells for $425,000. The listing broker receives a 6% commission, split equally between the listing and buyer's brokers. How much does the listing broker receive?
A$12,750✓ Correct
B$25,500
C$51,000
D$6,375
Explanation
Total commission = $425,000 × 6% = $25,500. Split equally: $25,500 ÷ 2 = $12,750 to the listing broker.
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