Real Estate Math
A Hawaii house is listed at $925,000. It sells for 96% of listing price with a 5% commission on the sale price. What is the commission?
AA. $44,400✓ Correct
BB. $46,250
CC. $44,000
DD. $43,800
Explanation
Sale price = $925,000 × 0.96 = $888,000. Commission = $888,000 × 0.05 = $44,400. To solve this, multiply the relevant values: $925,000 at 96%.. The correct answer is A. $44,400.. This is a common calculation on the Hawaii real estate exam.
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