Real Estate Math
An agent earns a 3% commission on a sale. The property sold for $265,000. How much did the agent earn?
A$7,950✓ Correct
B$6,625
C$5,300
D$8,250
Explanation
Commission = $265,000 × 3% = $265,000 × 0.03 = $7,950. To solve this, multiply the relevant values: $265,000 at 3%.. The correct answer is $7,950.. This is a common calculation on the Arkansas real estate exam.
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