New Jersey Real Estate Practice Exam Practice Question
How much did the listing licensee receive?
Correct Answer: A
Rationale: To determine the amount received by the listing licensee, it’s essential to understand the commission structure and any applicable fees. Option A, $1,894.75, aligns with the expected commission based on a standard calculation, considering the sale price and commission rate.
Option B, $1,966.25, is slightly higher and may suggest an incorrect calculation of fees or commissions. Option C, $3,575.00, and Option D, $3,789.50, are significantly inflated amounts that do not reflect typical commission rates for real estate transactions. Thus, they are not viable answers. Proper calculations confirm that $1,894.75 is the accurate figure the listing licensee received.
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