Real Estate MathCommission CalculationsEASY
A property sells for $265,000 with a 6% commission rate. What is the total commission earned?
Correct Answer
B) $15,900
$265,000 × 0.06 = $15,900. To calculate the commission, multiply the sale price by the commission rate expressed as a decimal.
Answer Options
A
$13,250B
$15,900C
$17,500D
$19,000Why This Is the Correct Answer
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Why the Other Options Are Wrong
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Deep Analysis of This Real Estate Math Question
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Background Knowledge for Real Estate Math
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Real World Application in Real Estate Math
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Related Topics & Key Terms
Related Topics:
commission splitsbrokerage compensationpercentage calculationssale pricelicensee compensation
Key Terms:
commission calculationsale pricepercentagedecimal conversionbrokerage compensation
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