Real Estate Math
A Wyoming property sells for $525,000. The total commission is 5.5% split with 3% to the listing broker and 2.5% to the selling broker. How much does the listing broker receive?
A$13,125
B$15,750✓ Correct
C$28,875
D$57,750
Explanation
Listing broker commission = $525,000 x 3% = $525,000 x 0.03 = $15,750.
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