Real Estate MathIntermediateDelaware Exam
A Delaware property sells for $320,000. The commission rate is 5.5%. What is the total commission?
A$16,000
B$17,600Correct
C$18,500
D$19,200
Why $17,600 Is Correct
Answer B: $17,600
Commission = $320,000 × 0.055 = $17,600.
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.
Related Delaware Real Estate Math Questions
- A Delaware building was constructed for $500,000 and depreciates at 2% per year using straight-line depreciation. What is the book value after 10 years?Real Estate Math
- A Delaware property sold for $290,000 and 4% above its listing price. What was the listing price?Real Estate Math
- A Delaware investor purchases a rental property for $350,000 and receives $3,500 per month gross rent. What is the gross rent multiplier (GRM)?Real Estate Math
- A property appreciated 8% per year for 3 years. If the original value was $200,000, what is it now worth (compound appreciation)?Real Estate Math
- A 5-unit Delaware apartment property generates $1,900/month per unit. With 8% vacancy, 40% expense ratio, and an 8% cap rate applied to stabilized NOI, what is the estimated value?Real Estate Math
- A Delaware buyer pays $3,500 in discount points on a $350,000 mortgage. How many points did the buyer pay?Real Estate Math
- An investor purchases a Delaware property for $500,000 with a 25% down payment and obtains a mortgage for the balance. Closing costs are $8,000 (paid in cash). What is the investor's total cash investment at closing?Real Estate Math
- A rectangular lot in Delaware measures 150 feet wide by 200 feet deep. How many square feet is the lot?Real Estate Math
Practice More Delaware Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Delaware Quiz →