Real Estate Math
A Colorado broker sells a property for $625,000 and receives a 2.5% buyer's agent commission. What is the broker's commission?
A$12,500
B$15,000
C$15,625✓ Correct
D$18,750
Explanation
Commission = $625,000 × 2.5% = $15,625. To solve this, multiply the relevant values: $625,000 at 2.5%.. The correct answer is $15,625.. This is a common calculation on the Colorado real estate exam.
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