Real Estate Math
A commission split is 60% to the selling agent and 40% to the listing agent. If the total commission is $12,600, how much does the selling agent earn?
A$5,040
B$7,560✓ Correct
C$6,300
D$8,400
Explanation
Selling agent's share = $12,600 × 60% = $7,560. To solve this, multiply the relevant values: $12,600, at 60%.. The correct answer is $7,560.. This is a common calculation on the Arkansas real estate exam.
Related Arkansas Real Estate Math Questions
- An investor buys a property for $400,000, putting down 25%. What is the loan-to-value ratio?
- A property was purchased for $150,000 and sold for $187,500. What is the percent of appreciation?
- A lot is described as the S 1/2 of the NW 1/4 of Section 5. How many acres does it contain?
- A buyer has a gross monthly income of $7,200. The lender's maximum front-end ratio is 28%. What is the maximum monthly PITI payment?
- A property was purchased for $150,000 and sold for $175,500. What is the percentage of profit?
- A buyer obtains a $200,000 mortgage at 6% annual interest. What is the first month's interest payment?
- A commercial property generates $180,000 in annual NOI. An investor wants a 9% return. What is the maximum price the investor should pay?
- A property sells for $350,000 with a 6% commission. If the listing broker splits 50/50 with the buyer's broker, and the listing agent receives 70% of the listing broker's split, how much does the listing agent receive?
Practice More Arkansas Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Arkansas Quiz →