New York Real Estate Math
Practice Questions & Answers (2026)
Real estate math questions appear on every New York 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 New York Department of State (DOS) does not provide a calculator — but the math is designed to be workable without one if you know the right formulas. New York 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.
Updated May 2026 · New York Department of State (DOS) exam outline
New York Exam Study Resources
Everything you need to pass — in one place.
Practice by Topic
New York Study Guides
New York Real Estate Math — Practice Questions & Answers
144 questions on Real Estate Math from the New York real estate question bank. First 10 are free — sign up to unlock all 144.
Q1. A seller nets $285,000 after paying a 5% commission. What was the sale price?
Explanation
If the seller nets $285,000 after a 5% commission, the net equals 95% of the sale price. Sale price = $285,000 / 0.95 = $300,000.
Q2. A property has a gross rent of $36,000 per year. The gross rent multiplier (GRM) for the area is 12. What is the estimated value?
Explanation
Value = Gross Annual Rent x GRM = $36,000 x 12 = $432,000. Using the values given ($36,000), apply the appropriate formula.. The correct answer is $432,000.. This is a common calculation on the New York real estate exam.
Q3. A home's assessed value is $400,000, which represents 80% of market value. What is the estimated market value?
Explanation
Market value = Assessed value / Assessment ratio = $400,000 / 0.80 = $500,000. To solve this, multiply the relevant values: $400,000, at 80%.. The correct answer is $500,000.. This is a common calculation on the New York real estate exam.
Q4. A buyer purchases a property for $450,000 with a 10% down payment. The lender charges 2 discount points. How much are the discount points in dollars?
Explanation
Loan amount = $450,000 x 90% = $405,000. Discount points = $405,000 x 2% = $8,100. To solve this, multiply the relevant values: $450,000 at 10%.. The correct answer is $8,100.. This is a common calculation on the New York real estate exam.
Q5. An investor purchases a 6-unit apartment building. Each unit rents for $1,500/month. The vacancy and credit loss rate is 5%. What is the effective gross income per year?
Explanation
Potential gross income = 6 units x $1,500 x 12 = $108,000. Vacancy/credit loss = $108,000 x 5% = $5,400. Effective gross income = $108,000 - $5,400 = $102,600.
Q6. A property's annual taxes are $6,000. If taxes are prorated at closing and the seller has paid the full year, and closing is on September 1, how much does the buyer owe the seller?
Explanation
The buyer owes the seller for the remaining 4 months of the year (September 1 through December 31). $6,000 / 12 = $500/month x 4 = $2,000. $500 x 4 = $2,000. Answer is $2,000.
Q7. A broker earns a 5% commission on a $550,000 sale and splits 50/50 with the cooperating broker. How much does the listing broker receive?
Explanation
Total commission = $550,000 x 5% = $27,500. Split 50/50: listing broker receives $27,500 / 2 = $13,750. The listing broker receives $13,750.
Q8. A property is assessed at $320,000. The tax rate is $18 per $1,000 of assessed value. What is the annual property tax?
Explanation
Annual tax = ($320,000 / $1,000) x $18 = 320 x $18 = $5,760. Using the values given ($320,000, $18), apply the appropriate formula.. The correct answer is $5,760.. This is a common calculation on the New York real estate exam.
Q9. A buyer wants to purchase a home priced at $520,000. The lender requires a 20% down payment. What loan amount will the buyer need?
Explanation
Down payment = $520,000 x 20% = $104,000. Loan amount = $520,000 - $104,000 = $416,000. To solve this, multiply the relevant values: $520,000 at 20%.. The correct answer is $416,000.. This is a common calculation on the New York real estate exam.
Q10. If a property's value increases from $400,000 to $460,000, what is the percentage increase in value?
Explanation
Percentage increase = ($460,000 - $400,000) / $400,000 = $60,000 / $400,000 = 0.15 = 15%. Using the values given ($400,000, $460,000,), apply the appropriate formula.. The correct answer is 15%.. This is a common calculation on the New York real estate exam.
Q11. A rectangular lot is 100 feet wide and 250 feet deep. How many acres is the lot? (1 acre = 43,560 sq ft)
134 more Real Estate Math questions
Create a free account to unlock all 144 New York Real Estate Math questions with full explanations.
Free account · No credit card · Instant access to 10 questions
Ready to take the full exam? Start free.
25 free questions · No signup · Instant access to all New York topics