Real Estate Math
A Florida property sells for $525,000. The commission split is 3% to the listing office and 3% to the buyer's office. The buyer's agent receives 40% of the buyer's office commission. How much does the buyer's agent earn?
A$3,150
B$6,300✓ Correct
C$9,450
D$12,600
Explanation
Buyer's office commission = $525,000 × 3% = $15,750. Buyer's agent share = $15,750 × 40% = $6,300.
Related Florida Real Estate Math Questions
- A Florida investor receives $2,400/month gross rent on a property purchased for $336,000. What is the monthly gross rent multiplier (GRM)?
- A Florida home is assessed at $320,000. After a $50,000 homestead exemption, the taxable value is $270,000. At 22 mills, what is the annual tax?
- A Florida property has taxable value of $185,000 and a millage rate of 24 mills. What is the annual tax bill?
- A buyer closes on a Florida property on March 15. Annual property taxes of $3,650 have not yet been paid. Using a 365-day year, what is the seller's tax proration credit to the buyer at closing?
- A Florida seller nets $280,000 after paying a 6% commission. What was the original sale price?
- A Florida appraiser uses the cost approach on a home. Land value = $80,000; construction cost new = $240,000; accrued depreciation = $36,000. What is the estimated value?
- A Florida investor earns $22,000 NOI on a property valued at $275,000. What is the capitalization rate?
- A Florida property is assessed at $220,000. The homeowner has a homestead exemption of $50,000 and an additional $25,000 homestead exemption for the portion above $50,000 (combined $75,000 total). The millage rate is 20 mills. What is the annual tax?
Practice More Florida Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Florida Quiz →