Real Estate Math
A West Virginia property was listed for $289,000 and sold for $278,000. If the agent's commission is 5.5% of the sale price, what is the commission?
A$14,740
B$15,290✓ Correct
C$15,895
D$16,445
Explanation
Commission = $278,000 × 5.5% = $15,290. To solve this, multiply the relevant values: $289,000 and $278,000 at 5.5%.. The correct answer is $15,290.. This is a common calculation on the West Virginia real estate exam.
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