Real Estate Math
An Iowa buyer's agent helps the buyer purchase a home for $178,000. The buyer's agent earns 2.5% of the sale price. How much does the buyer's agent earn?
A$4,450✓ Correct
B$8,900
C$3,560
D$5,340
Explanation
Buyer's agent commission = $178,000 x 0.025 = $4,450. To solve this, multiply the relevant values: $178,000 at 2.5%.. The correct answer is $4,450.. This is a common calculation on the Iowa real estate exam.
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