Real Estate Math

A Massachusetts broker has a 6% listing. The listing side is 3% and the selling side is 3%. If the home sells for $725,000, how much does the listing broker earn?

A$21,750✓ Correct

B$43,500

C$14,500

D$30,450

Explanation

Listing broker's commission = $725,000 × 3% = $21,750. To solve this, multiply the relevant values: $725,000, at 6%.. The correct answer is $21,750.. This is a common calculation on the Massachusetts real estate exam.

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