Real Estate Math
A salesperson earns 60% of the commission on a sale. The total commission is $9,000. How much does the salesperson earn?
A$4,800
B$5,400✓ Correct
C$5,700
D$6,000
Explanation
Salesperson's share = $9,000 × 0.60 = $5,400. To solve this, multiply the relevant values: $9,000 at 60%.. The correct answer is $5,400.. This is a common calculation on the Arkansas real estate exam.
Related Arkansas Real Estate Math Questions
- If a real estate investment generates $40,000 NOI annually and sells for $500,000 after 5 years, what cap rate did the investor achieve at purchase?
- A property sold for $210,000. The seller originally paid $175,000. What was the percentage of appreciation?
- A house is listed at $215,000. The broker accepts a 5.5% commission. If the house sells at full price, what is the commission?
- A rectangular lot is 150 feet wide and 200 feet deep. How many acres is this lot? (1 acre = 43,560 sq ft)
- A property's assessed value is $120,000 and the tax rate is 45 mills. What is the annual property tax?
- A 1031 (like-kind) exchange requires the replacement property to be identified within how many days of the sale?
- A property was purchased for $150,000 and sold for $175,500. What is the percentage of profit?
- A $300,000 loan at 4.5% interest for 30 years has a monthly factor of $5.07 per $1,000. What is the monthly payment?
Practice More Arkansas Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Arkansas Quiz →