Nevada Real Estate Math
Practice Questions & Answers (2026)
Real estate math questions appear on every Nevada 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 Nevada Real Estate Division does not provide a calculator — but the math is designed to be workable without one if you know the right formulas. Nevada 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.
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Nevada Real Estate Math — Practice Questions & Answers
132 questions on Real Estate Math from the Nevada real estate question bank. First 10 are free — sign up to unlock all 132.
Q1. A Nevada property sells for $450,000. The listing agent's brokerage receives 3% and the selling agent's brokerage receives 2.5%. What is the total commission paid?
Explanation
Total commission = $450,000 × (0.03 + 0.025) = $450,000 × 0.055 = $24,750.
Q2. An investment property generates a monthly gross rent of $2,800. Using a GRM of 140, what is the estimated property value?
Explanation
Value = GRM × Monthly Gross Rent = 140 × $2,800 = $392,000.
Q3. A buyer's loan amount is $360,000 at 6.5% annual interest. What is the interest owed in the first month?
Explanation
Monthly interest = $360,000 × (0.065 ÷ 12) = $360,000 × 0.005417 ≈ $1,950.
Q4. A property's assessed value is $375,000. The tax rate is $1.20 per $100 of assessed value. What are the annual property taxes?
Explanation
Annual taxes = ($375,000 ÷ 100) × $1.20 = 3,750 × $1.20 = $4,500.
Q5. A Nevada property sells for $485,000 with a 3% commission to the listing broker. The listing broker splits the commission 50/50 with the buyer's broker. What does the listing salesperson earn if they receive 60% of their broker's share?
Explanation
Total commission = $485,000 × 0.03 = $14,550. Listing broker's share = $14,550 ÷ 2 = $7,275. Listing salesperson's share = $7,275 × 0.60 = $4,365.
Q6. A Nevada buyer needs to borrow $320,000. The lender charges 2 points. How much are the points?
Explanation
One point = 1% of the loan amount. 2 points = 2% × $320,000 = $6,400.
Q7. A Nevada property is listed at $350,000. After 90 days, the price is reduced by 8%. What is the new listing price?
Explanation
Price reduction = $350,000 × 0.08 = $28,000. New listing price = $350,000 - $28,000 = $322,000.
Q8. A Nevada investor purchases a rental property for $280,000 and wants a 12% annual return. What minimum annual gross income must the property generate?
Explanation
Required annual income = $280,000 × 0.12 = $33,600.
Q9. A Nevada home sold for $425,000, which was 15% more than the seller originally paid. What did the seller originally pay?
Explanation
Original price × 1.15 = $425,000. Original price = $425,000 ÷ 1.15 ≈ $369,565.
Q10. A Nevada property has a monthly gross income of $2,800. Using a Gross Rent Multiplier of 110, what is the estimated property value?
Explanation
Value = Monthly Rent × GRM = $2,800 × 110 = $308,000.
Q11. A Nevada commercial property generates annual gross income of $180,000, has vacancy and collection losses of 5%, and operating expenses of $60,000. What is the Net Operating Income (NOI)?
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