Real Estate Math
A Virginia property sells for $750,000. The total commission is 5%. The listing brokerage and selling brokerage split the commission 50/50. What does each brokerage receive?
A$18,750✓ Correct
B$25,000
C$37,500
D$15,000
Explanation
Total commission = $750,000 × 5% = $37,500. Each brokerage receives $37,500 ÷ 2 = $18,750.
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