Havel signed a listing agreement with a realtor. The commission rate is 4% on the first $200,000 of the selling price, and 2.5% on the remainder. a) What commission will Havel pay if he sells his home for $289,000? b) What is the average commission rate on the selling price?

Question

Quizplus · Accepted Answer

The Answer of Havel signed a listing agreement with a realtor. The commission rate is 4% on the first $200,000 of the selling price, and 2.5% on the remainder. a) What commission will Havel pay if he sells his home for $289,000? b) What is the average commission rate on the selling price?

Havel Signed a Listing Agreement with a Realtor