Broker Jeff's JT Realty earned a commission of $18,785 on a sale priced at $289,000. What was the commission rate?

To determine the commission rate, you can use the formula:

[ \text{Commission Rate} = \left( \frac{\text{Commission Earned}}{\text{Sale Price}} \right) \times 100 ]

In this case, the commission earned is $18,785, and the sale price is $289,000.

First, you would perform the division:

[ \frac{18,785}{289,000} \approx 0.065 ]

Next, to convert this into a percentage, you multiply by 100:

[ 0.065 \times 100 \approx 6.5% ]

Thus, the calculated commission rate is 6.5%, which corresponds to the correct choice. This calculation not only confirms the rate but also illustrates how to derive it from the commission and sale price, which is a critical skill in real estate.