Real Estate Math
A West Virginia salesperson lists a home that sells for $225,000. The total commission is 5.5%. The listing broker and selling broker each receive 50%. What does the listing broker gross?
A$6,187.50✓ Correct
B$12,375.00
C$5,500.00
D$7,000.00
Explanation
Total commission = $225,000 x 0.055 = $12,375.
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