Real Estate MathIntermediateDelaware Exam

A Delaware property sells for $550,000. The listing broker and buyer's broker each receive 50% of a 5% total commission. What does each broker receive?

Q: A Delaware property sells for $550,000. The listing broker and buyer's broker each receive 50% of a 5% total commission. What does each broker receive?

Total commission = $550,000 × 0.05 = $27,500. Each broker receives 50%: $27,500 × 0.50 = $13,750. To solve this, multiply the relevant values: $550,000 at 50%.. The correct answer is $13,750.. This is a common calculation on the Delaware real estate exam.

A$11,000

B$13,750Correct

C$16,500

D$27,500

Why $13,750 Is Correct

Answer B: $13,750

Total commission = $550,000 × 0.05 = $27,500.

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

Property taxes in a Delaware municipality are $3,200 per year. The closing is on March 31 and the buyer is credited for January through March taxes (seller's period). How much credit does the buyer receive? (Use 360-day year)Real Estate Math
A Delaware seller received $442,000 net after paying 5.5% commission and $3,200 in closing costs. What was the sale price?Real Estate Math
A Delaware buyer's loan amount is $240,000 at 5.5% annual interest. Points paid at closing are 2 points. What is the dollar cost of the points?Real Estate Math
A Delaware property's appraised value is $325,000. The assessment ratio is 75% of appraised value. What is the assessed value?Real Estate Math
A Delaware buyer puts 5% down on a $320,000 home. The lender requires PMI at an annual rate of 0.85% of the original loan amount. What is the annual PMI premium?Real Estate Math
A Delaware real estate office generates $485,000 in gross commission income annually. If overhead is 40%, how much is available for broker compensation and profit?Real Estate Math
A Delaware homeowner sells their home for $425,000 after owning it for 5 years. Original purchase price was $330,000. Selling costs total $28,000. What is the net gain?Real Estate Math
A Delaware property sells for $525,000. The seller's agent brokerage earns a 2.5% total commission. The listing agent's split with their broker is 60/40 (agent 60%). What does the listing agent earn?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 →