Real Estate Math
A house is listed at $215,000. The broker accepts a 5.5% commission. If the house sells at full price, what is the commission?
A$10,750
B$11,275
C$11,825✓ Correct
D$12,040
Explanation
Commission = $215,000 × 0.055 = $11,825. To solve this, multiply the relevant values: $215,000 at 5.5%.. The correct answer is $11,825.. This is a common calculation on the Arkansas real estate exam.
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