Real Estate Math
A broker takes a 7% commission on a $185,000 sale. The listing agent receives 45% of the total commission. What does the listing agent earn?
A$5,827.50✓ Correct
B$6,000
C$7,315
D$8,190
Explanation
Total commission: $185,000 × 0.07 = $12,950. Listing agent's share: $12,950 × 0.45 = $5,827.50. To solve this, multiply the relevant values: $185,000 at 7%.. The correct answer is $5,827.50.. This is a common calculation on the Rhode Island real estate exam.
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