Real Estate Math
An Indiana broker sells a property for $285,000 and earns a 5.5% commission. What is the total commission?
A$14,250
B$15,675✓ Correct
C$16,500
D$17,100
Explanation
Commission = $285,000 × 5.5% = $285,000 × 0.055 = $15,675. To solve this, multiply the relevant values: $285,000 at 5.5%.. The correct answer is $15,675.. This is a common calculation on the Indiana real estate exam.
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