Real Estate Math
A Wyoming ranch sold for $850,000. The broker charged a 5% commission. The listing agent and selling agent each received 50% of the total commission. How much did the listing agent's broker receive?
A$21,250
B$42,500✓ Correct
C$85,000
D$17,000
Explanation
Total commission = $850,000 × 5% = $42,500. Split 50/50 means each side receives $21,250.
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