Michigan Real Estate Salesperson Exam — All Questions

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1 questions

Real Estate Calculations

A home sells for $250,000 with a total commission rate of 6%. If the listing and selling brokers split the commission equally, how much does each brokerage receive?

  • a.$15,000
  • b.$7,500✓
  • c.$3,750
  • d.$30,000

Total commission = $250,000 x 6% = $15,000. Split equally between the two brokerages gives $15,000 / 2 = $7,500 each.

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