Real Estate Math
A Kansas listing agent's commission is 3% on a $420,000 sale. The agent gives their broker a 30% cut. How much does the agent net?
A$8,820✓ Correct
B$12,600
C$9,800
D$7,560
Explanation
Total commission = $420,000 × 0.03 = $12,600.
Related Kansas Real Estate Math Questions
- 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 property has annual property taxes of $3,650. Closing occurs on September 30 (day 273). How many days does the buyer own the property in that tax year?
- A Kansas commercial property has an NOI of $96,000. The building value is $800,000 and land value is $200,000. Using a building cap rate of 10% and land cap rate of 8%, what is the overall cap rate?
- A Kansas real estate investor has a property with an annual NOI of $55,000 and a mortgage debt service of $38,000. What is the debt coverage ratio (DCR)?
- A Kansas apartment building has 10 units renting for $700/month each. Annual vacancy is 8%. Annual operating expenses total $30,000. Using a 7.5% cap rate, what is the estimated value?
- A Kansas property is listed at $260,000 and sells at 97% of list price. The buyer's loan is 80% LTV. How much is the down payment?
- A Kansas investor purchases a rental property for $320,000. Annual NOI is $28,800. What is the cap rate?
- A Kansas property is listed at $250,000. The buyer offers $240,000 with a $5,000 earnest money deposit. The listing agent's brokerage receives 3% and buyer's agent's brokerage receives 3%. What is the total commission at accepted offer price?
Practice More Kansas Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Kansas Quiz →