Real Estate Math
A licensee is paid a 5.5% commission on the sale of a $310,000 home. What is the commission amount?
A$15,500
B$17,050✓ Correct
C$18,600
D$19,225
Explanation
Commission = $310,000 x 5.5% = $310,000 x 0.055 = $17,050. To solve this, multiply the relevant values: $310,000 at 5.5%.. The correct answer is $17,050.. This is a common calculation on the North Dakota real estate exam.
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