Real Estate Math
An Oklahoma agent earns 2.5% as the buyer's agent on a $338,000 sale. The agent keeps 70% and the broker keeps 30%. How much does the agent keep?
A$5,915✓ Correct
B$7,098
C$5,028
D$8,450
Explanation
Commission = $338,000 x 2.5% = $8,450. Agent keeps 70% = $8,450 x 0.70 = $5,915. To solve this, multiply the relevant values: $338,000 at 2.5%.. The correct answer is $5,915.. This is a common calculation on the Oklahoma real estate exam.
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