Real Estate Math
An agent receives 2.5% of a $445,000 sale price. How much commission does the agent earn?
A$9,000
B$10,125
C$11,125✓ Correct
D$11,250
Explanation
Commission = $445,000 × 0.025 = $11,125. To solve this, multiply the relevant values: $445,000 at 2.5%.. The correct answer is $11,125.. This is a common calculation on the Louisiana real estate exam.
Related Louisiana Real Estate Math Questions
- A Louisiana property has annual gross rents of $54,000, a 7% vacancy rate, and a 42% operating expense ratio (applied to effective gross income). What is the annual NOI?
- A Louisiana property has a net operating income of $32,000 and sells at a 5.5% cap rate. What is the sale price?
- A home sells for $425,000. The seller pays a 5.5% commission. How much is the total commission?
- A Louisiana duplex sold for $220,000 and generates $1,800/month per unit. What is the GRM?
- A Louisiana agent earns a 3% commission on a $290,000 sale. How much does the agent earn?
- A Louisiana home appraised for $275,000. The buyer put 15% down. What is the loan amount?
- A property generates $3,200 per month in rent. The cap rate is 6%. What is the estimated annual value of the property?
- A Louisiana broker earns a 5% commission on a $275,000 sale. The broker splits 55% with the selling agent. How much does the selling agent receive?
Practice More Louisiana Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Louisiana Quiz →