Real Estate Math
A Mississippi broker's office has four salespeople who each close an average of $1,200,000 in sales per year at a 3% commission split to the office. The office's annual gross commission income from these four agents is:
A$48,000
B$36,000
C$144,000✓ Correct
D$168,000
Explanation
Annual sales per agent = $1,200,000 × 3% = $36,000. Four agents = $36,000 × 4 = $144,000. To solve this, multiply the relevant values: $1,200,000 at 3%.. The correct answer is $144,000.. This is a common calculation on the Mississippi real estate exam.
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