Real Estate Math
A NH listing agent earns 3% of the sale price and the buyer's agent earns 2.5%. The property sells for $365,000. What does the listing agent earn?
A$9,125
B$10,950✓ Correct
C$18,250
D$7,300
Explanation
Listing agent commission = 3% × $365,000 = $10,950. To solve this, multiply the relevant values: $365,000 at 3%.. The correct answer is $10,950.. This is a common calculation on the New Hampshire real estate exam.
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