Real Estate MathCommissionMEDIUM
The broker represents both buyer and seller with 5.25% commission rate and received $8,000. What was the final sales price?
Correct Answer
C) $152,380.95
Sale Price = Commission ÷ Rate = $8,000 ÷ 0.0525 = $152,380.95
Answer Options
A
$42,000.00B
$128,802.20C
$152,380.95D
$255,420.17Video Explanation3 min
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Related Topics & Key Terms
Related Topics:
commission-structuresdual-agency-considerationsbroker-compensation
Key Terms:
commission calculationreverse commission mathsales price formuladual agency commissioncommission rate
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