What is the commission earned by Broker L if a home sells for $325,000 at a rate of 6.5%?

To find the commission earned by Broker L on a home selling for $325,000 at a rate of 6.5%, you need to calculate the commission using the provided sale price and commission rate.

The commission is calculated by multiplying the sale price by the commission rate. In this case:

1. Commission rate: 6.5% (which can be converted to decimal form as 0.065)
2. Sale price: $325,000

Now, multiply the sale price by the commission rate:

[ \text{Commission} = \text{Sale Price} \times \text{Commission Rate} ] [ \text{Commission} = 325,000 \times 0.065 ]

Calculating this gives:

[ \text{Commission} = 21,125 ]

Thus, Broker L earns a commission of $21,125 on the sale of the home.

This result makes sense within the context of real estate commissions, as they typically range between 5% and 7% of the sale price. The calculation accurately reflects the commission based on the sale amount and the specified rate, leading to the correct answer.