Question

If you are selling your house with a local realtor who requires a 5 % commission fee, what can you expect to pay the realtor if your house sells for $182,000?

Answer 1

Answer: $9100

Explanation:

Since the local realtor will get a commission of 5% whenever the house is sold, then the amount they the realtor will be paid when the house is old for $182000 will be calculated thus:

= 5% × $182000

= 5/100 × $182000

= 0.05 × $182000

= $9100

The realtor will be paid $9100.