Real Estate Math
A West Virginia transaction has a purchase price of $310,000. The commission is 5%. If the listing brokerage receives 60% of the total commission, what does the listing brokerage receive?
A$9,300✓ Correct
B$15,500
C$7,750
D$12,400
Explanation
Total commission = $310,000 x 0.05 = $15,500.
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