Real Estate Math
A Kentucky seller nets $210,000 after paying a 5% commission. What was the selling price?
A$220,000
B$220,500
C$221,053✓ Correct
D$225,000
Explanation
If the seller nets 95% of the sale price: Sale Price × 0.95 = $210,000. Sale Price = $210,000 ÷ 0.95 = $221,052.63 ≈ $221,053.
Related Kentucky Real Estate Math Questions
- A Kentucky agent earns a 6% commission on a $275,000 sale and splits it 50/50 with their broker. The agent then pays 30% of their share to office expenses. What is the agent's net commission?
- A Kentucky property has a tax assessment of $210,000 and a mill rate of 14.5. What is the annual property tax?
- A Kentucky buyer takes an $180,000 conventional loan at 5.5% for 30 years. The monthly payment factor for this rate and term is approximately $5.68 per $1,000. What is the monthly P&I payment?
- A Kentucky investor purchases a rental property for $185,000 with 25% down. The annual mortgage payment is $11,400. NOI is $18,000. What is the annual cash flow before taxes?
- A Kentucky property management company charges 8% of collected rents. If the building's 12 units are 90% occupied at $850/month per unit, what is the monthly management fee?
- A Kentucky property has a net operating income of $42,000 and sells for $525,000. What is the capitalization rate?
- A buyer purchases a home for $240,000 and makes a 10% down payment. What is the loan amount?
- A Louisville rental property generates $2,400 per month in gross rent. Annual operating expenses are $14,400. What is the annual net operating income (NOI)?
Practice More Kentucky Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Kentucky Quiz →