Real Estate Math
An agent earns a 6% commission on a sale. The listing side gets 3% and the selling side gets 3%. The home sold for $350,000. How much does each side earn?
A$10,500 each✓ Correct
B$21,000 each
C$7,000 each
D$12,000 each
Explanation
$350,000 × 3% = $10,500 per side. To solve this, multiply the relevant values: $350,000 at 6%.. The correct answer is $10,500 each.. This is a common calculation on the Alabama real estate exam.
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