If a property sells for $250,000 and the broker's commission rate is 6 percent, what is the total commission?

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Study for the Real Estate Math Exam. Practice with flashcards and multiple choice questions, each question has hints and explanations. Get ready for your exam!

Multiple Choice

If a property sells for $250,000 and the broker's commission rate is 6 percent, what is the total commission?

Explanation:
The main idea is computing a percentage of a sale price to get the commission. Multiply the sale price by the commission rate: 250,000 × 0.06 equals 15,000. So the total commission is $15,000. The other amounts would come from using smaller percentages (like 4.8%, 5.2%, or 5.6%), not the 6% given.

The main idea is computing a percentage of a sale price to get the commission. Multiply the sale price by the commission rate: 250,000 × 0.06 equals 15,000. So the total commission is $15,000. The other amounts would come from using smaller percentages (like 4.8%, 5.2%, or 5.6%), not the 6% given.

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