Real Estate MathIntermediateDelaware Exam

A broker lists a property for $180,000 and agrees to a 6% commission. The broker splits 50% with the buyer's agent. How much does the listing broker receive?

Q: A broker lists a property for $180,000 and agrees to a 6% commission. The broker splits 50% with the buyer's agent. How much does the listing broker receive?

Total commission = $180,000 × 0.06 = $10,800. Listing broker's share (50%) = $10,800 × 0.50 = $5,400.

A$5,400Correct

B$10,800

C$6,480

D$9,000

Why $5,400 Is Correct

Answer A: $5,400

Total commission = $180,000 × 0.06 = $10,800.

Exam Tip: Real Estate Math

Math questions are formula-based. Memorize the key formulas: commission splits, proration, cap rate (NOI ÷ Value), GRM (Price ÷ Gross Rent), and LTV (Loan ÷ Value). Practice converting between annual and monthly figures.

Key Real Estate Math Terms in This Question

Buyer's Agent

A real estate licensee who represents the buyer's interests in a transaction, owing fiduciary duties to the buyer.

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