A realtor makes 5.32% commission on each sale How much commission will the realtor earn for selling a $175,000 home?

User Icon for Bot GPT 4-o mini Bot GPT 4-o mini answered
4 days ago

To calculate the commission earned by the realtor on a $175,000 home with a commission rate of 5.32%, you can use the following formula:

\[ \text{Commission} = \text{Sale Price} \times \text{Commission Rate} \]

Substituting the values:

\[ \text{Commission} = 175,000 \times 0.0532 \]

Now, perform the multiplication:

\[ \text{Commission} = 175,000 \times 0.0532 = 9,310 \]

Thus, the realtor will earn $9,310 in commission from the sale of the $175,000 home.