Real Estate Math
A Kansas agent lists a property at $225,000 and earns 6% commission. The agent gives 40% to their broker. What does the agent keep?
A$5,400
B$8,100✓ Correct
C$9,000
D$13,500
Explanation
Total commission = $225,000 × 0.06 = $13,500.
Related Kansas Real Estate Math Questions
- A Kansas home appraises for $240,000. The lender lends at 80% LTV. The purchase price is $235,000. What is the maximum loan amount?
- A Kansas lot is described as the NW 1/4 of the SW 1/4 of a section. How many acres does it contain?
- A property in Wichita has an assessed value of $25,300 (residential at 11.5% of market value) and a mill levy of 120 mills. What are the annual property taxes?
- A listing agent earns 60% of a 6% commission on a $280,000 sale. The listing office keeps the other 40%. What does the listing agent earn?
- A Kansas buyer closes on July 1. Annual real estate taxes are $3,650 and are paid in arrears. How much does the seller owe at closing for their portion (January 1–June 30 = 181 days)?
- A Kansas home's property taxes are $3,285 per year, paid in two installments. What is each installment?
- A Kansas home has 2,100 square feet. The price per square foot is $95. What is the estimated value?
- A Kansas property sells for $275,000. The broker charges a 6% commission. What is the total commission amount?
Practice More Kansas Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Kansas Quiz →