Real Estate Math

A Nevada property sells for $625,000. The broker charges 5.5% commission. What is the total commission?

A$31,250

B$34,375✓ Correct

C$37,500

D$28,125

Explanation

Commission = 5.5% x $625,000 = $34,375. To solve this, multiply the relevant values: $625,000 at 5.5%.. The correct answer is $34,375.. This is a common calculation on the Nevada real estate exam.

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