Real Estate MathCommission CalculationsEASY
A property sells for $310,000. If the total commission rate is 6%, what is the total commission earned?
Correct Answer
B) $18,600
$310,000 × 0.06 = $18,600. To calculate commission, multiply the sale price by the commission rate expressed as a decimal.
Answer Options
A
$15,500B
$18,600C
$20,000D
$22,000Why 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 splitslisting agreementsbuyer's agent compensationRhode Island brokerage lawantitrust in real estate
Key Terms:
commission calculationsale pricecommission ratepercentagedecimal conversion
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