Real Estate Math
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?
A$8,550✓ Correct
B$17,100
C$5,700
D$10,260
Explanation
Total commission = $285,000 × 0.06 = $17,100.
Related Alaska Real Estate Math Questions
- A rectangular Alaska parcel is 660 feet by 1,320 feet. How many acres does it contain?
- An Alaska home sold at a 4% loss for $312,000. What was the original purchase price?
- A broker receives a $18,000 commission on a sale. She pays the listing agent 40% and the buyer's agent 35%. How much does the broker retain?
- 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?
- An Alaska property rents for $2,500 per month. The property sold for $375,000. What is the Gross Rent Multiplier (GRM)?
- A property in Anchorage is listed for $595,000 and sells for 97% of list price. The seller pays a 5.5% commission on the sale price. What is the commission paid?
- Under Alaska property tax law, a property assessed at $280,000 has a millage rate of 18 mills. What is the annual property tax?
- An investor in Alaska is offered a property for $650,000. The property generates an NOI of $52,000. What is the cap rate?
Practice More Alaska Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Alaska Quiz →