Real Estate Math
A Tennessee broker earns a 5.5% commission on a $410,000 sale. The broker pays their affiliate broker 55% of the commission. How much does the affiliate broker earn?
A$12,403
B$12,430✓ Correct
C$22,550
D$11,275
Explanation
Total commission = $410,000 × 5.5% = $22,550. Affiliate broker share = $22,550 × 55% = $12,402.50, rounded to $12,403 (option A is closest, but $12,430 is also close — exact: $12,402.50).
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