Real Estate Math
A broker lists a property at $350,000 and receives a 6% commission when it sells for $342,000. How much commission does the broker earn?
A$19,320
B$20,520✓ Correct
C$21,000
D$20,000
Explanation
Commission is based on the actual sale price, not the listing price. 6% × $342,000 = $20,520. To solve this, multiply the relevant values: $350,000 and $342,000 at 6%.. The correct answer is $20,520.. This is a common calculation on the Georgia real estate exam.
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