Real Estate Math
A property sells for $520,000. The buyer's agent receives 2.5% commission and the listing agent receives 2.5%. What does the listing agent earn?
AA. $7,800
BB. $13,000✓ Correct
CC. $26,000
DD. $52,000
Explanation
Listing agent commission = $520,000 × 2.5% = $520,000 × 0.
Related Hawaii Real Estate Math Questions
- A Hawaii property's annual gross rent is $96,000. Operating expenses are 42% of gross rent. What is the NOI?
- A Hawaii buyer makes an offer of $875,000. If the seller counters at 5% above the buyer's offer, what is the counter-offer price?
- A Hawaii property has an effective gross income of $108,000 and an operating expense ratio of 38%. What is the NOI?
- A Hawaii listing agent receives 3% of the sale price and the co-op agent receives 2.5%. The property sells for $780,000. How much more does the listing agent earn than the co-op agent?
- A Hawaii property costs $1,500,000 to build on land worth $300,000. After 5 years of 2% annual depreciation on the building, what is the value using the cost approach?
- A Hawaii condo buyer needs to put 10% down on a $420,000 purchase and pay 2.5 points. What is the total initial cash required (down payment + points)?
- A Hawaii home owner has a $650,000 property with a $390,000 mortgage. Their equity as a percentage is:
- A Hawaii buyer's loan of $540,000 at 5% annual interest is an interest-only loan. What is the monthly 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 →