Real Estate Math
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?
A$15,750✓ Correct
B$22,500
C$31,500
D$45,000
Explanation
Total commission = $750,000 × 6% = $45,000. Each broker's share = $45,000 ÷ 2 = $22,500.
Related Alaska Real Estate Math Questions
- An investor in Alaska is offered a property for $650,000. The property generates an NOI of $52,000. What is the cap rate?
- An Alaska buyer obtains a 30-year, $240,000 mortgage at 7% annual interest. What is the first month's interest 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 borrower obtains a 30-year, $240,000 mortgage at 7% annual interest. The monthly payment factor is $6.65 per $1,000 borrowed. What is the approximate monthly payment?
- An Alaska investor buys a property for $200,000 and sells it two years later for $230,000. Selling costs are $14,000. What is the net profit?
- A property is assessed at $260,000. The mill rate is 12.5 mills. What is the annual property tax?
- A parcel of land is described as the W½ of the NE¼ of a section. How many acres does this parcel contain?
- A loan of $200,000 at 6% annual interest is interest-only for the first year. What are the total interest payments in the first year?
Practice More Alaska Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Alaska Quiz →