Real Estate Math
A Georgia seller nets $180,000 after paying a 6% commission. What was the original selling price?
A$191,400
B$190,000
C$180,000✓ Correct
D$192,000
Explanation
Net = Sale Price × (1 − 0.06) → $180,000 = SP × 0.94 → SP = $180,000 ÷ 0.94 ≈ $191,489. To solve this, multiply the relevant values: $180,000 at 6%.. The correct answer is $180,000.. This is a common calculation on the Georgia real estate exam.
Related Georgia Real Estate Math Questions
- A rectangular parcel is 3/4 mile by 1/2 mile. How many acres does it contain? (1 mile = 5,280 ft; 1 acre = 43,560 sq ft)
- A Georgia property sells for $520,000. The buyer pays 20% down. The lender charges 3% origination fee on the loan. What is the origination fee?
- A property was purchased for $325,000. It appreciated at 4% per year for 3 years. What is the current value?
- A commercial property has a net operating income of $75,000. If similar properties are selling at a 7.5% cap rate, what is the estimated value of the property?
- If a property appreciates from $250,000 to $320,000, what is the dollar appreciation and percentage increase?
- A house has 2,200 sq ft of living area. The cost to replace it is $90 per sq ft. The land value is $55,000. Total depreciation is estimated at 15%. What is the property value using the cost approach?
- A property's assessed value is $225,000. It is reassessed at 5% higher. What is the new assessed value?
- A property is listed at $499,000. A buyer offers $480,000. The seller counters at $492,000. They finally agree at $488,000. What is the commission at 5.5%?
Practice More Georgia Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Georgia Quiz →