Real Estate Math
A home appraised at $310,000 sells at 98% of the appraised value. The seller pays a 5% commission. What are the commission dollars?
A$15,190✓ Correct
B$15,500
C$16,000
D$17,050
Explanation
Sale price = $310,000 x 0.98 = $303,800. Commission = $303,800 x 5% = $15,190. To solve this, multiply the relevant values: $310,000 at 98%.. The correct answer is $15,190.. This is a common calculation on the Utah real estate exam.
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