Real Estate Math
A Kansas salesperson earns $52,800 per year in commissions. Assuming a 5.5% average commission rate and sales split equally between buyer and seller sides, what is the average home price in their transactions?
A$960,000
B$480,000
C$240,000✓ Correct
D$192,000
Explanation
If agent earns $52,800 from buyer OR seller side at 2.75% each (half of 5.
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