Real Estate Math
A Hawaii property was listed for $950,000 and sold for $920,000. The broker receives a 6% commission. How much does the buyer's agent receive if the commission is split 50/50?
AA. $27,600✓ Correct
BB. $28,500
CC. $25,200
DD. $29,400
Explanation
Commission = Sale Price × 6% = $920,000 × 0.06 = $55,200. Each agent receives 50% of the total commission: $55,200 / 2 = $27,600. Note: commission splits between the broker and the individual agent may vary, but this shows the cooperating commission amount going to the buyer's side.
Related Hawaii Real Estate Math Questions
- A home sells for $920,000. Hawaii conveyance tax is 0.15% (of the first $600,000) and 0.25% (on the excess). What is the conveyance tax?
- A Hawaii real estate agent's commission split with their broker is 60/40 (agent/broker). On a $600,000 sale at 5% commission, how much does the agent earn?
- A Hawaii investor bought a property for $1,000,000 with a $750,000 loan at 5% interest. If the NOI is $60,000 and interest-only debt service is $37,500, what is the before-tax cash flow?
- A Hawaii property manager collects $18,000 in monthly rent from a 6-unit apartment. The management fee is 8%. What is the annual management fee?
- A Hawaii property has an assessed value of $720,000. The county applies a homeowner's exemption of $100,000 to owner-occupants. What is the taxable assessed value for a homeowner?
- A buyer borrows $600,000 at a 6% annual interest rate. What is the first month's interest payment?
- A property in Honolulu has a tax rate of 3.5 mills per dollar of assessed value. The assessed value is $800,000. What is the annual property tax?
- A Hawaii buyer's monthly principal and interest payment is $3,200. Annual property taxes are $4,800 and homeowner's insurance is $2,400. What is the total monthly PITI payment?
Practice More Hawaii Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Hawaii Quiz →