Real Estate Math
A New Mexico commercial lease has 3,000 sq ft at $20/sq ft/year plus a 5% commission for procuring the tenant. What is the annual commission?
A$1,500
B$2,000
C$3,000✓ Correct
D$3,500
Explanation
Annual rent = 3,000 × $20 = $60,000. Commission = $60,000 × 0.
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