What is the total commission on a sale of $300,000 at a 6% rate?

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Multiple Choice

What is the total commission on a sale of $300,000 at a 6% rate?

Explanation:
To find the total commission, multiply the sale price by the commission rate. Convert 6% to a decimal (0.06) and compute 300,000 × 0.06 = 18,000. So the total commission is 18,000. If the rate were different, the results would change accordingly (4% of 300,000 is 12,000; 5% is 15,000; about 6.67% is 20,000). In real estate, this is the gross amount before any splits between brokers and agents.

To find the total commission, multiply the sale price by the commission rate. Convert 6% to a decimal (0.06) and compute 300,000 × 0.06 = 18,000. So the total commission is 18,000. If the rate were different, the results would change accordingly (4% of 300,000 is 12,000; 5% is 15,000; about 6.67% is 20,000). In real estate, this is the gross amount before any splits between brokers and agents.

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