Real Estate Math
A broker earns a 6% commission on a $275,000 sale. The listing broker and selling broker split the commission 50/50. The listing agent receives 60% of the listing broker's half. How much does the listing agent receive?
A$4,950✓ Correct
B$8,250
C$5,775
D$9,900
Explanation
Total commission: $275,000 × 6% = $16,500. Listing broker's half: $16,500 ÷ 2 = $8,250.
Related Arkansas Real Estate Math Questions
- A commercial property costs $900,000. Annual NOI is $72,000. What is the cap rate?
- A 4-unit building rents for $1,100/month per unit. The cap rate is 7% and NOI represents 65% of gross income. What is the approximate property value?
- A buyer pays $10,500 in closing costs on a $350,000 purchase. What percentage of the purchase price are the closing costs?
- A property depreciates $6,000 per year. It was purchased for $210,000, and the land was valued at $50,000. After 5 years, what is the depreciated value of the improvements?
- A property's capitalization rate is 8% and its net operating income (NOI) is $24,000. What is the estimated value using the income approach?
- A broker splits the commission with the selling broker 50/50. The total commission is $15,000. The selling salesperson receives 60% of their broker's half. How much does the selling salesperson earn?
- A lot has a frontage of 80 feet and a depth of 120 feet. The price is $12 per square foot. What is the total price?
- A property sells for $315,000. The seller nets $288,900 after the commission. What is the commission rate?
Practice More Arkansas Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Arkansas Quiz →