Real Estate Math
A Kansas agent's annual goal is to sell $10 million in property. If the average sale price is $250,000 and the agent handles both sides of 40% of transactions, how many total transaction sides must they close?
A40 sides✓ Correct
B48 sides
C50 sides
D56 sides
Explanation
$10,000,000 ÷ $250,000 = 40 properties sold. Each property = 2 sides; but agent handles both sides of 40% (16 deals = 32 sides) and one side of 60% (24 deals = 24 sides). Total = 56 sides. Or: 40 transactions = 40 sides minimum if 1 side each. Answer: 40 transaction sides (one per property).
Related Kansas Real Estate Math Questions
- A Kansas builder constructs a home for $185,000. They want a 15% profit margin on cost. What is the selling price?
- A Kansas property's NOI is $45,000. Operating expenses are $20,000 annually. What was the effective gross income?
- A Kansas property buyer pays 3 discount points on a $220,000 loan. Each point costs 1% of the loan amount. What is the total cost of the points?
- A Kansas home was purchased 10 years ago for $125,000 and is now worth $187,500. What is the annual appreciation rate (simple, not compound)?
- A Kansas rental property has 6 units at $900/month each. Annual expenses are $22,000 and the cap rate is 9%. What is the estimated value?
- A Kansas commercial property has 10,000 sq ft. Usable square footage is 8,500 sq ft. What is the load factor (add-on factor)?
- A Kansas industrial property has 50,000 sq ft. The landlord charges $4.50 per sq ft per year triple net. What is the monthly base rent?
- A Kansas agent charges 7% commission. The property sells for $158,000. The listing agent keeps 55% of the 7% total. What does the listing agent earn?
Practice More Kansas Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Kansas Quiz →