Real Estate Math
A Wyoming agent sold 18 properties last year with an average sales price of $285,000. If the agent earned 3% on each transaction (buyer's or seller's side), what was the agent's total gross commission income?
A$153,900✓ Correct
B$308,000
C$175,000
D$46,170
Explanation
Total sales volume = 18 × $285,000 = $5,130,000. Total commission = $5,130,000 × 3% = $153,900. To solve this, multiply the relevant values: $285,000 at 3%.. The correct answer is $153,900.. This is a common calculation on the Wyoming real estate exam.
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