Real Estate Math
A Tennessee property sells for $428,000. The seller pays the broker a 5.5% commission. What is the broker's total commission?
A$23,540✓ Correct
B$22,140
C$21,400
D$24,650
Explanation
Commission = $428,000 × 5.5% = $23,540. To solve this, multiply the relevant values: $428,000 at 5.5%.. The correct answer is $23,540.. This is a common calculation on the Tennessee real estate exam.
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