Real Estate Math
A salesperson earns 60% of the commission their broker receives. The broker received $9,000. How much does the salesperson earn?
A$4,500
B$5,400✓ Correct
C$6,000
D$7,200
Explanation
Salesperson's share = $9,000 × 60% = $5,400. To solve this, multiply the relevant values: $9,000 at 60%.. The correct answer is $5,400.. This is a common calculation on the Georgia real estate exam.
Related Georgia Real Estate Math Questions
- A home sold for $412,000 in Georgia. What is the state transfer tax owed ($1 per $500 of consideration)?
- A property is sold using a 1031 exchange. The relinquished property sold for $800,000 with a cost basis of $300,000. The replacement property costs $950,000. How much capital gain is deferred?
- A Georgia seller nets $180,000 after paying a 6% commission. What was the original selling price?
- A property generates monthly gross rents of $4,500. Annual vacancy is 8%. Annual operating expenses are $22,000. What is the annual NOI?
- A salesperson's income for the year totaled $78,000 in commissions. If the average commission per transaction was $6,500, how many transactions did they close?
- What is the monthly interest on a $380,000 mortgage at 5.25% annual interest?
- A property has a monthly gross income of $3,500 and sells for $252,000. What is the Gross Rent Multiplier (GRM)?
- A building with 12,000 sq ft of space rents for $15/sq ft/year with 8% vacancy. What is the annual EGI?
Practice More Georgia Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Georgia Quiz →