Real Estate Math
A property sells for $285,000. The listing agent and buyer's agent each earn 3% commission. How much does each agent receive?
A$4,275
B$8,550✓ Correct
C$17,100
D$5,700
Explanation
Total commission = $285,000 × 6% = $17,100. Each agent receives half: $17,100 ÷ 2 = $8,550. To solve this, multiply the relevant values: $285,000 at 3%.. The correct answer is $8,550.. This is a common calculation on the Alabama real estate exam.
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