Real Estate Math
An Alaska broker earns a commission of $31,200 on a sale. The commission rate was 6%. What was the sale price?
A$480,000
B$520,000✓ Correct
C$540,000
D$560,000
Explanation
Sale price = Commission ÷ Commission rate = $31,200 ÷ 0.06 = $520,000. To solve this, multiply the relevant values: $31,200 at 6%.. The correct answer is $520,000.. This is a common calculation on the Alaska real estate exam.
Related Alaska Real Estate Math Questions
- 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 property has an assessed value of $320,000. The local mill rate is 12 mills. What is the annual property tax?
- An Alaska parcel is the NE¼ of the SW¼ of a section. How many acres is this parcel?
- A parcel of land in Alaska is described as the S½ of the NW¼ of Section 12. How many acres does this parcel contain?
- 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 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?
- A rectangular parcel in Alaska measures 660 feet by 1,320 feet. How many acres does it contain?
- An Alaska investor paid $175,000 for a lot and sells it for $210,000. What was the percentage profit?
Practice More Alaska Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Alaska Quiz →