Arizona Real Estate License Practice Exam 2025 – All-in-One Resource to Pass with Confidence!

To determine the commission for the agent who procured the lease for the warehouse space, you need to calculate the total value of the lease and then apply the commission percentage.

First, find the total rental amount for the lease term. Since the space is 10,000 square feet and the rental rate is $4 per square foot, the total annual rent can be calculated by multiplying the two figures:

Total Rent = 10,000 SF * $4/SF = $40,000

Next, to find the total commission earned by the agent, apply the commission rate of 5% to the total rental amount:

Commission = Total Rent * Commission Rate

Commission = $40,000 * 0.05 = $2,000

It seems there was a misunderstanding about the options or the calculation details. The actual commission based on the provided figures is $2,000, which is not represented in the choices given. The correct option should reflect this amount.

Thus, while the initial assumption pointed to one of the higher values, the accurate calculation shows that the commission for the agent is $2,000 based on the rental rate and square footage specified in the scenario. It's crucial to thoroughly confirm the numbers when determining commissions in real estate