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Jim Has Hired a Real Estate Broker to Help Facilitate

Question 31

Multiple Choice
Jim has hired a real estate broker to help facilitate the sale of his home. If the broker requires a commission of 6%, how much will Jim clear from the sale (after the commission has been paid) if he is able to sell his house for $478,723 (Assume that Jim has already paid off his mortgage)?

Jim has hired a real estate broker to help facilitate the sale of his home. If the broker requires a commission of 6%, how much will Jim clear from the sale (after the commission has been paid) if he is able to sell his house for $478,723 (Assume that Jim has already paid off his mortgage) ?


A) $424,528
B) $450,000
C) $478,723
D) $507,446

Correct Answer:

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