Real Estate Math
A Florida home is listed at $395,000 and sells for 97% of list price. The listing agent receives 3% and the buyer's agent receives 3%. How much does the listing agent earn?
A$11,850
B$11,484.50✓ Correct
C$11,543
D$10,072
Explanation
Sales price = $395,000 × 0.97 = $383,150. Listing agent commission = $383,150 × 3% = $11,494.50.50 (slight rounding).
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