Real Estate Math
A broker earns a 6% commission on a sale of $475,000. The broker's agreement gives the selling broker 45% of the commission. How much does the selling broker receive?
A$12,825✓ Correct
B$14,250
C$13,500
D$15,390
Explanation
Total commission: $475,000 × 0.06 = $28,500. Selling broker's share: $28,500 × 0.45 = $12,825. To solve this, multiply the relevant values: $475,000 at 6%.. The correct answer is $12,825.. This is a common calculation on the Oregon real estate exam.
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