Real Estate Math
A Utah real estate team of 5 agents closes an average of 3 transactions per agent per month at an average price of $400,000 with a 6% commission split evenly. How much does the team gross per month?
A$360,000✓ Correct
B$36,000
C$72,000
D$180,000
Explanation
Transactions = 5 × 3 = 15. Commission per sale = $400,000 × 0.06 = $24,000. Team gross = 15 × $24,000 = $360,000.
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