Janie has agreed to a 12% commission on an apartment listed for rent at $750 per month. How much will her commission check be when rented?

Study for the Arizona Real Estate Exam. Boost your knowledge with flashcards and multiple choice questions with explanations. Be exam-ready with our comprehensive review!

To determine Janie's commission from the rental of the apartment, you first need to calculate the total income generated from renting the apartment for a year. Since the apartment is listed for rent at $750 per month, you would multiply that monthly rent by the number of months in a year, which is 12. Therefore, $750 multiplied by 12 equals $9,000.

Once you have the annual income of $9,000, you can then calculate Janie's commission. The commission rate is 12%, so you take 12% of $9,000. To find this, you can multiply $9,000 by 0.12 (the decimal form of 12%), which results in $1,080.

This means Janie's commission check, when the apartment is rented out, will be $1,080. The correct answer reflects this calculation and demonstrates how to derive the commission from the monthly rental figure, showcasing the importance of understanding both monthly and annual income in real estate commission structure.

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