Real Estate Math
A seller nets $310,000 after paying a 5% commission. What was the original sale price?
A$315,789
B$326,316✓ Correct
C$324,211
D$330,000
Explanation
Seller nets 95% of sale price. Sale price = $310,000 ÷ 0.
Related Georgia Real Estate Math Questions
- A building's potential gross income is $200,000. With 8% vacancy and 1% credit loss, what is the effective gross income?
- A Georgia property sells for $425,000. The total commission is 6%, split equally between the listing and buyer's broker. Within the listing office, the listing agent receives 55% of their office's commission. What does the listing agent earn?
- A 30-year loan of $360,000 at 6.5% annually has a monthly payment factor of $6.32 per $1,000. What is the monthly payment?
- A property has a potential gross income of $75,000, vacancy of 8%, and operating expenses of $28,000. Using a cap rate of 8%, estimate the property value.
- What is the monthly interest on a $380,000 mortgage at 5.25% annual interest?
- An office building has 20,000 sq ft of leasable space. 2,000 sq ft is vacant. What is the occupancy rate?
- A building depreciates over 39 years (commercial). Annual straight-line depreciation on a $585,000 improvement is:
- The prorated daily property tax credit owed to a buyer at closing, if annual taxes are $3,650 and the seller has owned the property for 219 days of the year, is:
Practice More Georgia Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Georgia Quiz →