In a Orlando transaction, the total commission is 5.50% of the $325,000 sale price, and the cooperating brokerage is to receive 50% of the total commission. How much goes to the cooperating brokerage?
Correct Answer
B) $8,937.50
First find the total commission, then apply the stated split: $325,000 × 5.50% × 50% = $8,937.50.
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