A property sells for $325,000. If the commission is 6%, split equally between listing and selling brokers, what does each broker receive?
Question & Answer
Review the question and all answer choices
$9,750
$19,500
Option B represents the total commission before splitting between brokers ($325,000 × 6% = $19,500). This error occurs when students forget to divide the total commission equally between the listing and selling brokers.
$13,000
Option C might result from incorrectly calculating 4% of the sale price ($325,000 × 0.04 = $13,000), possibly misreading the commission percentage or making a calculation error.
$16,250
Option D could be the result of adding a percentage point to the commission rate (7% instead of 6%) or incorrectly dividing the total commission by an inappropriate number.
Why is this correct?
$325,000 × 6% = $19,500 total. Split equally: $19,500 ÷ 2 = $9,750 each.
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