Real Estate Math
A salesperson earns a 60% share of their brokerage's 3% co-op commission on a $495,000 sale. How much does the salesperson earn?
A$8,910✓ Correct
B$14,850
C$9,900
D$7,425
Explanation
Total co-op commission = $495,000 × 3% = $14,850. Salesperson's share = $14,850 × 60% = $8,910.
Related Delaware Real Estate Math Questions
- A building in Delaware has 20 apartment units renting at $1,100/month each. Annual vacancy is 6%. Annual operating expenses are $85,000. What is the NOI?
- An investor's annual return on equity (ROE) is 12% on a $75,000 equity investment in a Delaware rental property. What is the annual cash return?
- A Delaware commercial property has an NOI of $120,000 per year. If an investor requires a 7% cap rate, what is the maximum price they should pay?
- A Delaware property sells for $450,000. The first mortgage balance is $280,000. Closing costs and commissions total $27,000. What are the seller's net proceeds?
- A Delaware property is listed at $289,000 and sells for $275,000. What percentage below list price did it sell for?
- A Delaware property owner wants to sell their home for a net of $200,000 after paying a 6% commission and $4,000 in closing costs. What must the minimum sale price be?
- A Delaware buyer finances $380,000 at 7% for 30 years. Using a factor of $6.65 per $1,000 borrowed, what is the monthly principal and interest payment?
- A Delaware buyer's earnest money deposit of $12,000 represents 3% of the purchase price. What is the full purchase price?
Practice More Delaware Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Delaware Quiz →