Daily Real Estate Exam Prep Question #92 - Commission

Daily Real Estate Exam Questions Here!!! Today our question has to do with real estate math! Real estate math is incredibly important not only for the real estate exam but for your real estate career. Understanding real estate math and doing real estate math problems can not only give you an advantage when you become an agent; but make the real estate exam much easier! The formula for finding commission is pretty simple. Just times whatever percentage you have by the total price of the house. In this case, they give us the rate and what the broker received so we have to adjust the steps. In order to find the commission, you can take $11,000 and divide it by the percentage which is .055 making your total $200,000. Alternatively, you can take the answers below and multiply each one by .055 and whichever matches the broker's commission is the correct answer. #realestate #realestateexam #realestatelicense -=-=-=-=- Don’t forget to like and subscribe for more! Want to learn more about the smart way to get your real estate license and start a successful real estate career? Then make sure to visit the Real Estate License Wizard, getting started is easy. Just click the page below: https://realestatelicensewizard.com -=-=-=-=-