Real Estate Math
A Hawaii seller paid $50,000 in commission and the property sold for $800,000. What was the commission rate?
AA. 5.25%
BB. 6.0%
CC. 6.25%✓ Correct
DD. 5.0%
Explanation
Commission rate = $50,000 / $800,000 = 0.0625 = 6.25%. Using the values given ($50,000, $800,000), apply the appropriate formula.. The correct answer is C. 6.25%.. This is a common calculation on the Hawaii real estate exam.
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