Real Estate Math
A Massachusetts seller agrees to pay a 5.5% commission on a $560,000 sale price. The total commission paid at closing is:
A$28,000
B$30,800✓ Correct
C$29,400
D$33,600
Explanation
Total commission = $560,000 × 5.5% = $560,000 × 0.055 = $30,800. To solve this, multiply the relevant values: $560,000 at 5.5%.. The correct answer is $30,800.. This is a common calculation on the Massachusetts real estate exam.
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