Real Estate Math
An Alaska agent lists a property for 90 days. The property sells on day 72. The listing broker receives $24,000. If the total commission was 5%, what was the sale price?
A$420,000
B$440,000
C$460,000
D$480,000✓ Correct
Explanation
Sale price = Total commission ÷ Commission rate = $24,000 ÷ 0.05 = $480,000.
Related Alaska Real Estate Math Questions
- A property originally purchased for $195,000 sells 3 years later for $240,000. What is the percentage appreciation over the holding period?
- 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?
- 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?
- An Alaska commercial lease requires the tenant to pay $22 per square foot per year for 3,500 sq ft. What is the monthly rent?
- An Alaska commercial building has 10,000 rentable square feet. The annual rent is $18 per square foot. Annual operating expenses total $65,000. What is the NOI?
- An investor purchases an Alaska property for $250,000 and wants a 12% annual return on investment. The monthly net operating income must be at least:
- A duplex in Juneau generates monthly rents of $1,400 and $1,500. Annual operating expenses are $9,600. What is the annual NOI?
- A property sells for $350,000. The buyer makes a 20% down payment. What is the loan amount?
Practice More Alaska Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Alaska Quiz →