Real Estate MathCommissionMEDIUM
With a 5.5% commission and $11,000 received by the broker, the final sale price was:
Correct Answer
A) $200,000
Sale Price = Commission ÷ Commission Rate = $11,000 ÷ 0.055 = $200,000
Answer Options
A
$200,000B
$66,000C
$60,500D
$175,000Video Explanation3 min
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Related Topics & Key Terms
Related Topics:
commission-split-structuresnet-proceeds-calculationlisting-agency-agreements
Key Terms:
commission calculationIRV trianglesale pricecommission ratereal estate math
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