Real Estate MathCâu 105 / 120
A home sells for $400,000 with a total commission rate of 6 percent. What is the total commission?
a.$24,000
b.$2,400
c.$40,000
d.$18,000
Giải thích
Total commission equals sale price times commission rate: $400,000 x 0.06 = $24,000. Percentages are converted to decimals before multiplying. This total would then be split among the brokerages and agents involved.
Luyện miễn phí toàn bộ 120 câu hỏi — không cần đăng ký.
Câu hỏi liên quan cùng chủ đề
- A property sells for $250,000 with a 6 percent commission. If the listing and selling brokerages split the commission equally, how much does each brokerage receive?
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- A parcel of land measures 200 feet by 300 feet. What is its area in square feet?
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