If Hal sold his client's listing for $230,000 and charged a commission of 5%, what would Hal's commission be?

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To determine Hal's commission from the sale of the listing, you need to calculate 5% of the sale price, which is $230,000. The formula for calculating the commission is:

Commission = Sale Price × Commission Rate

Plugging in the values:

Commission = $230,000 × 0.05

Calculating this gives:

Commission = $11,500

Therefore, Hal's commission for selling the listing would be $11,500, which corresponds to the choice provided. This calculation illustrates how to effectively determine commission based on a percentage of the total sale price, a common practice in real estate transactions.

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