Real Estate Math
A Wyoming property sold for $480,000. The listing agent earns 3% and the selling agent earns 2.5%. How much does the selling agent earn?
A$9,600
B$10,800
C$12,000✓ Correct
D$14,400
Explanation
Selling agent commission = $480,000 × 2.5% = $480,000 × 0.025 = $12,000. To solve this, multiply the relevant values: $480,000 at 3%.. The correct answer is $12,000.. This is a common calculation on the Wyoming real estate exam.
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