Real Estate Math
A Colorado broker has a listing at $389,000. An offer comes in at $375,000. At a 6% commission rate, what is the commission difference between list price and offer price?
A$480
B$720
C$840✓ Correct
D$1,080
Explanation
Commission at listing price: $389,000 × 6% = $23,340. Commission at offer price: $375,000 × 6% = $22,500. Difference = $23,340 − $22,500 = $840.
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