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Assume that Hank, an agent with Remax, has a property listed for $125,000 at a 50/50 split on a 5% commission. He sells the property

Assume that Hank, an agent with Remax, has a property listed for $125,000 at a 50/50 split on a 5% commission. He sells the property for $120,000. 



How much commission does he make?

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