Real Estate Math
A property sold for $410,000. The listing broker charges 3% and the buyer's broker charges 2.5%. What is the total commission?
A$20,500
B$22,550✓ Correct
C$23,125
D$24,600
Explanation
Total commission = $410,000 × (3% + 2.5%) = $410,000 × 5.5% = $22,550. To solve this, multiply the relevant values: $410,000 at 3%.. The correct answer is $22,550.. This is a common calculation on the Ohio real estate exam.
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