Real Estate Math
A sales associate receives 55% of the commission earned by their broker. The total commission on a $500,000 sale at 5% is $25,000. How much does the sales associate earn?
A$10,000
B$11,250
C$13,750✓ Correct
D$15,000
Explanation
Total commission = $25,000. Sales associate's share = $25,000 × 0.
Related Connecticut Real Estate Math Questions
- A property manager collects 8% of gross monthly rent as a management fee. If gross monthly rent is $12,500, what is the monthly management fee?
- A property management company charges 9% of gross rents plus a $150/month flat management fee. Monthly gross rent is $9,500. What is the total monthly management fee?
- A Connecticut broker earns $24,750 from a transaction. This represents the broker's 45% share of the total commission. What was the total commission?
- A Connecticut house sells for $532,000. The seller's transfer tax rate is 0.75%. What is the transfer tax?
- A Connecticut property is assessed at 70% of market value. The assessed value is $196,000. What is the market value?
- A Connecticut commercial property generates $320,000 in gross rent annually. The expenses are 45% of gross rent. The cap rate is 9%. What is the estimated value?
- A Connecticut buyer makes an all-cash offer of $445,000 on a home listed at $469,000. What percentage below the list price is the offer?
- A property was purchased for $270,000 and sold 4 years later for $337,500. What was the annual appreciation rate (simple, not compounded)?
Practice More Connecticut Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Connecticut Quiz →