Real Estate Math
A property in Tulsa sells for $415,000. After paying a 5.5% commission, how much does the seller net from the commission alone (before other costs)?
A$391,575
B$392,175✓ Correct
C$392,525
D$393,175
Explanation
Commission = $415,000 x 5.5% = $22,825. Net after commission = $415,000 - $22,825 = $392,175. To solve this, multiply the relevant values: $415,000 at 5.5%.. The correct answer is $392,175.. This is a common calculation on the Oklahoma real estate exam.
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