A property sells for $300,000. The commission rate is 6%, split equally between listing and selling brokers. What does each broker receive?
Question & Answer
Review the question and all answer choices
$9,000
$18,000
Option B represents the total commission ($18,000) rather than each broker's share. This mistake occurs when students forget to divide the total commission between the two brokers.
$6,000
Option C results from incorrectly calculating 3% of the sale price instead of dividing the 6% commission equally. This mistake happens when students misapply the split percentage.
$12,000
Option D represents half of the total commission calculation error ($300,000 × 4% = $12,000). This mistake occurs when students use the wrong commission percentage.
Why is this correct?
Total commission = $300,000 x 6% = $18,000. Split equally = $18,000 / 2 = $9,000 per broker.
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