Practice & MathQuestion 89 of 100
A home sells for $320,000 and the total commission rate is 6%. What is the total commission?
a.$16,000
b.$32,000
c.$21,000
d.$19,200
Explanation
Multiply the sale price by the commission rate: $320,000 x 0.06 = $19,200. This total is typically split between the listing and selling brokerages, then between broker and salesperson. Commission rates are negotiable, not set by law.
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