Real Estate Math
A house is listed at $425,000. The buyer offers $410,000, and they agree on $417,500. The commission rate is 6%. What is the total commission?
A$24,600
B$25,050✓ Correct
C$25,500
D$24,000
Explanation
Commission is based on the actual sale price: $417,500 × 6% = $25,050. To solve this, multiply the relevant values: $425,000 and $410,000, at 6%.. The correct answer is $25,050.. This is a common calculation on the Arizona real estate exam.
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