Real Estate MathQuestion 107 of 120
A home sells for $350,000 with a total commission of 6%. How much is the total commission in dollars?
a.$15,000
b.$18,000
c.$21,000
d.$24,000
Explanation
Multiply the sales price by the commission rate: $350,000 x 0.06 = $21,000. This total is then typically split between the listing and buyer's brokerages.
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