Real Estate Math
A Kansas property is listed at $250,000. The buyer offers $240,000 with a $5,000 earnest money deposit. The listing agent's brokerage receives 3% and buyer's agent's brokerage receives 3%. What is the total commission at accepted offer price?
A$7,200
B$14,400✓ Correct
C$15,000
D$7,500
Explanation
Total commission = $240,000 x 6% = $14,400. Each brokerage receives $7,200. To solve this, multiply the relevant values: $250,000 and $240,000 at 3%.. The correct answer is $14,400.. This is a common calculation on the Kansas real estate exam.
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