Real Estate Math
If a property sells for $320,000 and the broker charges a 5.5% commission, what is the total commission?
A$15,000
B$16,000
C$17,600✓ Correct
D$19,200
Explanation
Commission = $320,000 × 5.5% = $320,000 × 0.055 = $17,600. To solve this, multiply the relevant values: $320,000 at 5.5%.. The correct answer is $17,600.. This is a common calculation on the Georgia real estate exam.
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