What is the broker's commission charge when a property sells for $72,000 with a 7% commission to the seller?

The broker's commission is calculated as a percentage of the final selling price of the property. In this case, the property sells for $72,000, and the commission rate is set at 7%. To find the commission amount, you multiply the selling price by the commission rate:

[

7% \text{ of } 72,000 = 0.07 \times 72,000 = 5,040

]

This calculation shows that the total commission charged amounts to $5,040. Typically, in real estate transactions, the commission is structured to be paid by the seller, which is consistent with typical industry practices. Thus, the correct answer reflects the total commission charged to the seller, confirming that the $5,040.00 charge is a cost incurred by the seller in this transaction.