Practice Of Real EstateBrokerage_operationsHARD
A property sells for $275,000 at a commission rate of 5.5%. What is the total commission?
Correct Answer
B) $15,125
Use the commission formula: $275,000 × 5.5% = $15,125. That is the total commission paid from the sale proceeds.
Answer Options
A
$7,562.50B
$15,125C
$17,875D
$151.25Why This Is the Correct Answer
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Key Terms:
brokerage_operationscommissiontotal_commissionbrokerage_math
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