Real Estate MathCommission_calculationsEASY
A broker earns a total commission of $18,000 on a sale. If the commission rate was 6%, what was the sale price of the property?
Correct Answer
D) $300,000
Step 1: To find the sale price, divide the commission by the rate: $18,000 ÷ 0.06 = $300,000.
Answer Options
A
$1,080B
$3,000,000C
$108,000D
$300,000Why 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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Key Terms:
commission_calculationscommissionreverse_calculationbrokerage_math
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