Real Estate Math
An Indiana broker has monthly office expenses of $8,500. Average commission per transaction is $4,250. How many transactions per month does the broker need to break even on office expenses?
A1 transaction
B2 transactions✓ Correct
C3 transactions
D4 transactions
Explanation
Transactions needed = Monthly expenses ÷ Average commission = $8,500 ÷ $4,250 = 2 transactions per month to break even on office expenses alone.
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