Real Estate Math
A South Carolina buyer's agent is paid 2.5% of the $395,000 sale price. What is the buyer's agent commission?
A$8,775
B$9,875✓ Correct
C$9,975
D$10,875
Explanation
Commission = $395,000 × 2.5% = $395,000 × 0.025 = $9,875. To solve this, multiply the relevant values: $395,000 at 2.5%.. The correct answer is $9,875.. This is a common calculation on the South Carolina real estate exam.
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