Real Estate Math

A property in Anchorage sells for $425,000. The commission rate is 5.5%. What is the total commission?

A$21,250

B$23,375✓ Correct

C$25,500

D$42,500

Explanation

Commission = $425,000 × 0.055 = $23,375. To solve this, multiply the relevant values: $425,000 at 5.5%.. The correct answer is $23,375.. This is a common calculation on the Alaska real estate exam.

Related Alaska Real Estate Math Questions

An Alaska homeowner wants to add a deck that costs $18,000. Studies show improvements of this type return 75% of cost at resale. How much value does the deck add?
A commercial property in Anchorage sold for $1,200,000. The commission rate was 5%. The listing broker retained 60% and paid the buyer's broker 40%. How much did the buyer's broker receive?
A buyer in Alaska closes on June 1. Annual property taxes are $4,380 and were paid by the seller through December 31 of the prior year. Using a 360-day year, how much does the buyer owe the seller at closing for the tax proration?
A monthly rent of $1,800 is prorated at closing on the 10th of a 31-day month. The seller receives credit for how many days?
An Alaska property has a loan balance of $180,000. Monthly principal and interest payment is $1,250. Of that, $900 is interest. How much is applied to principal reduction?
A property in Fairbanks sells for $285,000. The broker charges a 6% commission. The listing agent and selling agent each receive 50% of the total commission. How much does each agent receive?
An Alaska investment property was purchased for $500,000. It depreciated at the straight-line rate over 39 years (commercial). What is the annual depreciation deduction?
A listing agent and buyer's agent split a 6% commission equally on a $500,000 sale. Each brokerage then splits with its agent 60/40 (agent gets 60%). How much does the buyer's agent (salesperson) receive?

Practice More Alaska Real Estate Questions

1,500+ questions covering all exam topics. Start free — no signup required.

Take the Free Alaska Quiz →