Real Estate MathQuestion 106 of 120
A property sells for $250,000 with a 6 percent commission. If the listing and selling brokerages split the commission equally, how much does each brokerage receive?
a.$15,000
b.$7,500
c.$3,750
d.$12,500
Explanation
First find the total commission: $250,000 x 0.06 = $15,000. An equal split gives each brokerage $15,000 / 2 = $7,500. Individual agents would then split their brokerage's share per their own agreements.
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