Real Estate Math
A home sells for $265,000. The seller pays a 5.5% commission. What is the total commission dollar amount?
A$13,250
B$14,575✓ Correct
C$15,900
D$12,100
Explanation
Commission = $265,000 × 0.055 = $14,575. To solve this, multiply the relevant values: $265,000 at 5.5%.. The correct answer is $14,575.. This is a common calculation on the Tennessee real estate exam.
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