Question

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

Answer 1

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.