Real Estate Math
A North Dakota agent sells a property for $398,000 with a 5% commission. The agent receives 55% of the gross commission. How much does the agent earn?
A$9,945
B$10,945✓ Correct
C$10,900
D$11,000
Explanation
Total commission = $398,000 × 5% = $19,900. Agent's share = $19,900 × 55% = $10,945. To solve this, multiply the relevant values: $398,000 at 5%.. The correct answer is $10,945.. This is a common calculation on the North Dakota real estate exam.
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