Broker Alice Was to Receive 6% on a Property She

question 8

Multiple Choice

Broker Alice was to receive 6% on a property she had listed for $170,000. How much commission would she receive if the owner accepted an offer which reduced the price by 4%?

• A) $8,976
• B) $9,792
• C) $10,200
• D) $17,000

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Definitions:

Family

A social unit consisting of parents and their children, considered as a group, whether dwelling together or not; the traditional concept extends to include relatives.

Autopsy

A medical examination of a deceased person's body to determine the cause of death or investigate disease processes, conducted by a pathologist.

Decline

A gradual decrease in quality, quantity, or importance.

Purposes

The reasons for which something is done or created or for which something exists.