Real Estate Math
A broker has a property listed at $525,000. The final sale price is $510,000. The 6% commission is split 50/50 between listing and selling brokers. How much does the listing broker earn?
A$14,300
B$15,300✓ Correct
C$15,750
D$16,200
Explanation
Total commission = $510,000 × 0.06 = $30,600.
Related Louisiana Real Estate Math Questions
- A Louisiana property has potential gross income of $72,000, a 5% vacancy rate, and operating expenses of $28,000. A 9% cap rate is used. What is the estimated value?
- A Louisiana duplex sold for $220,000 and generates $1,800/month per unit. What is the GRM?
- A Louisiana property sold for $265,000 and the property taxes of $3,180 per year were prorated at closing on September 30. How much does the seller owe for their portion of the year's taxes (January 1 – September 30)?
- An investor buys a Louisiana property for $280,000 and finances $224,000. What is the loan-to-value (LTV) ratio?
- A Louisiana home sold for $242,000 with a 6% real estate commission. The listing broker and selling broker split the commission 50/50. The listing broker then splits 70% with their listing agent. What does the listing agent earn?
- A lease has a base rent of $2,000 per month plus 3% of annual gross sales over $500,000. If the tenant's annual sales are $800,000, what is the total annual rent?
- A property is assessed at $55,000 with a mill rate of 92 mills. What are the annual property taxes?
- An income-producing property has a gross monthly rent of $3,800. The GRM for the area is 115. What is the estimated property value?
Practice More Louisiana Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Louisiana Quiz →