Real Estate Math
A property sells for $315,000. The seller nets $288,900 after the commission. What is the commission rate?
A8%✓ Correct
B9%
C7%
D8.3%
Explanation
Commission = $315,000 − $288,900 = $26,100. Rate = $26,100 ÷ $315,000 = 8.28% ≈ 8%. Using the values given ($315,000, $288,900), apply the appropriate formula.. The correct answer is 8%.. This is a common calculation on the Arkansas real estate exam.
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