Real Estate Math
An Ohio home sold for $395,000. The listing agent receives 3% and the buyer's agent receives 2.5%. How much does the listing agent earn?
A$9,875
B$11,850✓ Correct
C$13,825
D$17,000
Explanation
Listing agent commission = $395,000 × 3% = $11,850. To solve this, multiply the relevant values: $395,000 at 3%..
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