Real Estate Math
A Louisiana real estate agent's goal is to earn $90,000 this year. If the average commission per transaction is $7,500, how many transactions do they need to close?
A10
B12✓ Correct
C15
D18
Explanation
Required transactions = $90,000 ÷ $7,500 = 12 transactions. Using the values given ($90,000, $7,500,), apply the appropriate formula.. The correct answer is 12.. This is a common calculation on the Louisiana real estate exam.
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