Real Estate Math
A broker earns a 5% commission on the sale of a $480,000 property and splits it 50/50 with the cooperating broker. The listing salesperson receives 60% of the listing broker's half. How much does the listing salesperson earn?
A$7,200✓ Correct
B$8,640
C$12,000
D$14,400
Explanation
Total commission = $480,000 × 5% = $24,000. Each broker's half = $24,000 ÷ 2 = $12,000. Listing salesperson's share = $12,000 × 60% = $7,200.
Related Alaska Real Estate Math Questions
- A rectangular parcel in Alaska measures 660 feet by 1,320 feet. How many acres does it contain?
- An Anchorage property assessed at $340,000 qualifies for a $50,000 senior citizen exemption. The mill rate is 16.5 mills. What is the annual property tax?
- A section of land in Alaska contains 640 acres. The NE quarter of the SW quarter of Section 10 contains how many acres?
- A property sells for $350,000. The buyer makes a 20% down payment. What is the loan amount?
- An Alaska investor borrows $250,000 at 7% interest for 6 months on a short-term bridge loan. Interest only is paid. Total interest paid is:
- A buyer's monthly principal and interest payment is $1,850. Annual property taxes are $3,600 and homeowner's insurance is $1,200 per year. What is the buyer's total PITI monthly payment?
- A house sells for $450,000 with a 6% commission. The listing broker and selling broker split the commission 50/50. How much does each broker receive?
- A commercial property sells for $750,000. The total commission is 6%, split 50/50 between the listing and selling broker. The listing broker pays their salesperson 70% of the listing broker's share. What is the listing salesperson's commission?
Practice More Alaska Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Alaska Quiz →