Real Estate Math
A Hawaii property manager's office handles 80 properties averaging $2,500/month each. At 9% commission, what is the annual revenue to the property management company?
AA. $180,000
BB. $216,000✓ Correct
CC. $240,000
DD. $270,000
Explanation
Monthly revenue = 80 × $2,500 × 0.09 = $18,000. Annual = $18,000 × 12 = $216,000. To solve this, multiply the relevant values: $2,500 at 9%.. The correct answer is B. $216,000.. This is a common calculation on the Hawaii real estate exam.
Related Hawaii Real Estate Math Questions
- A Hawaii property was last sold for $385,000. After 8% appreciation, what is the current value?
- A Hawaii property sold for $1,180,000. The listing broker received 60% of the 5% commission and the buyer's broker received 40%. What did the buyer's broker receive?
- A Hawaii salesperson earns 60% of the gross commission. If the property sold for $780,000 at a 5% commission rate, how much does the salesperson earn?
- An investment property sells for $1,500,000 with a 5% commission. The listing office retains 50% of the total commission and splits the balance equally with the selling office. How much does the selling office receive?
- A Hawaii property is assessed at 80% of its market value. The market value is $500,000 and the tax rate is $10 per $1,000. What is the annual property tax?
- A Hawaii seller wants to net $500,000 from a sale after paying a 5% commission. What must the property sell for?
- A Hawaii agent earns a 6% commission on a $480,000 sale and splits it 50/50 with the cooperating broker. What does each broker receive?
- A buyer borrows $600,000 at a 6% annual interest rate. What is the first month's interest payment?
Practice More Hawaii Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Hawaii Quiz →