Real Estate MathCommission CalculationsEASY
A property sells for $375,000 with a total commission rate of 6%. What is the total commission earned?
Correct Answer
B) $22,500
$375,000 × 0.06 = $22,500. The total commission is calculated by multiplying the sale price by the commission rate.
Answer Options
A
$18,750B
$22,500C
$25,000D
$27,500Why This Is the Correct Answer
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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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Related Topics & Key Terms
Related Topics:
commission
Key Terms:
commission$22,500
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