Real Estate Math
A Kentucky agent earns 40% of the commission on a $300,000 sale at 5.5%. What is the agent's income from this sale?
A$4,950
B$6,600✓ Correct
C$8,250
D$9,900
Explanation
Total commission = $300,000 × 5.5% = $16,500. Agent's share = $16,500 × 40% = $6,600. To solve this, multiply the relevant values: $300,000 at 40%.. The correct answer is $6,600.. This is a common calculation on the Kentucky real estate exam.
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