Real Estate Math
An Ohio property sold for $525,000 with a 5.5% commission. The listing broker takes 60% of the total commission. What does the listing broker earn?
A$17,325✓ Correct
B$18,600
C$19,250
D$20,000
Explanation
Total commission = $525,000 × 5.5% = $28,875. Listing broker's share = $28,875 × 60% = $17,325. To solve this, multiply the relevant values: $525,000 at 5.5%.. The correct answer is $17,325.. This is a common calculation on the Ohio real estate exam.
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