Real Estate Math
A Maine listing agent advertises a property at $459,900 and the seller accepts an offer at $445,000. The commission rate is 5.5%. What is the commission?
A$24,475✓ Correct
B$24,500
C$24,745
D$25,295
Explanation
Commission is paid on the actual sale price: $445,000 × 5.5% = $24,475.
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