Real Estate Math
A Connecticut broker charges a 5% commission on a sale. The property sells for $380,000. What is the total commission?
A$15,200
B$16,000
C$19,000✓ Correct
D$21,000
Explanation
$380,000 × 0.05 = $19,000. To solve this, multiply the relevant values: $380,000 at 5%.. The correct answer is $19,000.. This is a common calculation on the Connecticut real estate exam.
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