Real Estate Math
A Kansas agent charges 7% commission. The property sells for $158,000. The listing agent keeps 55% of the 7% total. What does the listing agent earn?
A$5,922
B$6,083✓ Correct
C$5,171
D$6,995
Explanation
Total commission = $158,000 × 0.07 = $11,060. Listing agent's 55% = $11,060 × 0.55 = $6,083. To solve this, multiply the relevant values: $158,000 at 7%.. The correct answer is $6,083.. This is a common calculation on the Kansas real estate exam.
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