Nebraska Real Estate Math
Practice Questions & Answers (2026)
Real estate math questions appear on every Nebraska real estate exam and test a focused set of calculations: commission splits, prorations (property tax, rent, interest), loan-to-value ratios, appreciation and depreciation, and area calculations. The Nebraska Real Estate Commission does not provide a calculator — but the math is designed to be workable without one if you know the right formulas. Nebraska candidates consistently lose points on proration questions because they apply the wrong day-count convention (360-day vs. 365-day year) or miscalculate the seller's vs. buyer's share. Work through every problem in this section until you can solve each type without hesitation.
Nebraska Exam Study Resources
Everything you need to pass — in one place.
Nebraska Real Estate Math — Practice Questions & Answers
193 questions on Real Estate Math from the Nebraska real estate question bank. First 10 are free — sign up to unlock all 193.
Q1. A salesperson receives 60% of the commission and the broker receives 40%. The total commission on a $280,000 sale at 5.5% is split how much to the salesperson?
Explanation
Total commission = $280,000 × 0.055 = $15,400. Salesperson's share = $15,400 × 0.60 = $9,240.
Q2. A home appreciates 4% per year. If it is currently worth $250,000, what will it be worth in 2 years?
Explanation
After year 1: $250,000 × 1.04 = $260,000. After year 2: $260,000 × 1.04 = $270,400.
Q3. A property's potential gross income is $60,000 per year. The vacancy rate is 5% and operating expenses are $20,000. What is the net operating income?
Explanation
EGI = $60,000 − ($60,000 × 0.05) = $60,000 − $3,000 = $57,000. NOI = $57,000 − $20,000 = $37,000.
Q4. If a property has a NOI of $45,000 and a cap rate of 7.5%, what is the estimated value?
Explanation
Value = NOI ÷ Cap Rate = $45,000 ÷ 0.075 = $600,000.
Q5. A buyer's loan amount is $192,000. The lender charges 1.5 points. How much are the points?
Explanation
1 point = 1% of loan amount. 1.5 points = $192,000 × 0.015 = $2,880.
Q6. A property sells for $325,000. The commission rate is 6%. What is the total commission?
Explanation
Commission = $325,000 × 0.06 = $19,500.
Q7. A buyer finances $240,000 at 4.5% annual interest. What is the interest charged in the first month?
Explanation
Monthly interest = $240,000 × (4.5% ÷ 12) = $240,000 × 0.00375 = $900.
Q8. A lot measures 150 feet × 200 feet. How many acres does it contain? (1 acre = 43,560 sq ft)
Explanation
Area = 150 × 200 = 30,000 sq ft. Acres = 30,000 ÷ 43,560 ≈ 0.69 acres.
Q9. An investor buys a rental property for $400,000 and receives $32,000 in annual net operating income. What is the cap rate?
Explanation
Cap rate = NOI ÷ Value = $32,000 ÷ $400,000 = 0.08 = 8%.
Q10. A property's assessed value is $150,000 and the tax rate is $1.80 per $100 of assessed value. What are the annual taxes?
Explanation
Annual taxes = ($150,000 ÷ 100) × $1.80 = 1,500 × $1.80 = $2,700.
Q11. A property has a net operating income (NOI) of $36,000 per year. If the cap rate is 8%, what is the estimated property value?
183 more Real Estate Math questions
Create a free account to unlock all 193 Nebraska Real Estate Math questions with full explanations.
Free account · No credit card · Instant access to 25 questions
Ready to take the full exam? Start free.
25 free questions · No signup · Instant access to all Nebraska topics