Real Estate Math
A North Dakota broker charges a 5.5% commission on a property that sold for $280,000. The listing agent receives 60% of the total commission. How much does the listing agent earn?
A$8,400
B$9,240✓ Correct
C$10,080
D$12,600
Explanation
Total commission = $280,000 × 5.5% = $15,400. Listing agent's share = $15,400 × 60% = $9,240. To solve this, multiply the relevant values: $280,000 at 5.5%.. The correct answer is $9,240.. This is a common calculation on the North Dakota real estate exam.
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