Real Estate Math
A Texas agent received a referral fee of $1,500 for sending a client to another brokerage. The agent's regular commission from a $375,000 sale at 3% was also earned. What is the agent's total compensation?
A$11,250
B$12,750✓ Correct
C$13,250
D$10,500
Explanation
Regular commission = $375,000 × 0.03 = $11,250. Total = $11,250 + $1,500 = $12,750.
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