Real Estate Math
A property sells for $450,000. The commission rate is 6%. What is the total commission?
A$2,700
B$27,000✓ Correct
C$4,500
D$45,000
Explanation
Commission = Sale Price × Commission Rate = $450,000 × 0.06 = $27,000. This is the total commission paid by the seller (or split between parties per the cooperating broker agreement).
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