How much was the buyer's agent commission for the Apton property transaction?

The buyer's agent commission for a real estate transaction is typically expressed as a percentage of the property's sale price. In this case, the correct answer indicates that the buyer's agent earned a commission of 2.8%.

This percentage likely reflects a standardized rate that is common in various real estate markets, where agent commissions can vary but often fall within a certain range. The commission is usually negotiated as part of the purchase agreement and is paid out of the total proceeds from the sale.

Understanding the commission structure is essential for both buyers and sellers in real estate transactions, as it impacts the overall costs associated with buying or selling property. The selected percentage may also reflect competitive practices in the area or a specific agreement between the parties involved.

In contrast, the other percentages suggest higher commission rates that may not align with the expectations or norms in the local market for the Apton property transaction. Real estate agents and their clients often negotiate commissions based on various factors, so it's critical to grasp how these percentages reflect that negotiation and market standards.