Real Estate Math
A listing broker charges a 6% commission on the first $100,000 and 4% on the remaining amount. If a property sells for $350,000, what is the total commission?
AA. $14,000
BB. $16,000✓ Correct
CC. $18,000
DD. $21,000
Explanation
Commission = (6% × $100,000) + (4% × $250,000) = $6,000 + $10,000 = $16,000. To solve this, multiply the relevant values: $100,000 and $350,000, at 6%.. The correct answer is B. $16,000.. This is a common calculation on the Georgia real estate exam.
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