Broker Bob lists a farm measuring one-quarter mile square. The list price is
$3,000.00 per acre with a commission of six percent. The land is sold in a
cooperative sale for a price of 90% of the list price. The buyer applies for a loan
with a 20% down-payment, 30 year term, 5 percent interest and pays 2 discount
points. The two brokers equally share the commission. How much did Broker
Bob receive?
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