Real Estate Math
A Missouri commercial property is listed at $1,200,000. The buyer's agent's commission is 2.5% of the sale price. The agent's commission on a full-price sale is:
A$24,000
B$30,000✓ Correct
C$36,000
D$60,000
Explanation
Commission = $1,200,000 x 2.5% = $30,000. To solve this, multiply the relevant values: $1,200,000 at 2.5%.. The correct answer is $30,000.. This is a common calculation on the Missouri real estate exam.
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