Real Estate Math
A Florida sales associate sold a $475,000 property and earned a total commission of $14,250. What was the commission rate?
A2.5%
B3.0%✓ Correct
C3.5%
D4.0%
Explanation
$14,250 ÷ $475,000 = 0.03 = 3.0%. Using the values given ($475,000, $14,250), apply the appropriate formula.. The correct answer is 3.0%.. This is a common calculation on the Florida real estate exam.
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