Nebraska Real Estate Exam Math: Transfer Tax, Commission & Proration

Math questions appear on Nebraska's 110-question exam. The state-specific transfer tax calculation is unique to Nebraska.

Nebraska Transfer Tax **Rate**: $2.25 per $1,000 of consideration (round up to nearest $1,000 if needed). - **Example**: $350,000 sale: $350,000 / $1,000 x $2.25 = **$787.50** - **Example**: $412,500 sale: round up to $413,000; $413 x $2.25 = **$929.25**

Commission **Example**: Property sells for $290,000. Commission 5.5%, split 50/50. Agent earns 55% of listing side. - Total: $290,000 x 0.055 = $15,950; Listing: $7,975 - Agent: $7,975 x 0.55 = **$4,386.25**

Proration (360-day year) **Example**: Taxes $3,600. Closing August 31. - Daily: $3,600 / 360 = $10/day; Seller's days (Jan-Aug): 240 - Seller's credit to buyer: 240 x $10 = **$2,400**

Cap Rate **Example**: Rental generates $40,000 NOI. Cap rate 8%. - Value = $40,000 / 0.08 = **$500,000**

[Practice Nebraska math at CARealestate.com/states/nebraska](https://carealestate.com/states/nebraska)