A Florida broker charges a 2.5% listing commission plus a $500 administrative fee. If the property sells for $320,000, what is the total compensation to the listing broker?
Correct Answer
B) $8,500
Commission = $320,000 × 0.025 = $8,000. Total compensation = $8,000 + $500 = $8,500. Option A is incorrect (commission only, no administrative fee). Option C is incorrect (wrong calculation). Option D is incorrect (mathematical error).
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