Real Estate Math

A Washington listing agreement requires the seller to pay 5.5% commission. The home sells for $610,000. What is the commission amount?

A$30,500

B$33,550✓ Correct

C$34,000

D$36,600

Explanation

Commission = $610,000 × 5.5% = $610,000 × 0.055 = $33,550. To solve this, multiply the relevant values: $610,000 at 5.5%.. The correct answer is $33,550.. This is a common calculation on the Washington real estate exam.

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