Real Estate Math
A Louisiana agent sells a commercial property for $1,250,000 at a 4% commission rate. The broker retains 45% and the agent receives 55%. What is the agent's commission?
A$27,500✓ Correct
B$50,000
C$22,500
D$55,000
Explanation
Total commission = $1,250,000 × 4% = $50,000. Agent's share = $50,000 × 55% = $27,500. To solve this, multiply the relevant values: $1,250,000 at 4%.. The correct answer is $27,500.. This is a common calculation on the Louisiana real estate exam.
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