Real Estate Math (alternative)
A Maryland broker receives a 6% commission on a $350,000 sale. The broker pays the listing agent 60% and the buyer's agent 40% of the broker's share. The buyer's agent earns:
A$8,400✓ Correct
B$6,120
C$12,600
D$6,300
Explanation
Total commission = 6% × $350,000 = $21,000. Buyer's agent share = 40% × $21,000 = $8,400. To solve this, multiply the relevant values: $350,000 at 6%.. The correct answer is $8,400.. This is a common calculation on the Maryland real estate exam.
Related Maryland Real Estate Math (alternative) Questions
- A Maryland home appraiser finds the subject property is 200 sq ft larger than a comparable that sold for $350,000. If the value per square foot is $150, the adjusted comparable value is:
- A Maryland couple refinances their $300,000 mortgage from 7% to 5.5%. The new payment factor is $5.68 per $1,000, versus the old factor of $6.65. Their monthly savings are approximately:
- A Maryland rental property has monthly rent of $1,800 and a GRM of 120. The indicated value is:
- A Maryland property has a mortgage balance of $180,000 at 5% annual interest. Annual interest expense is:
- A Maryland property sells for $480,000. The state transfer tax at 0.5% is:
- A Maryland property has a building-to-land ratio of 4:1. The total value is $450,000. The land value is:
- In Maryland, a seller nets $312,000 from a sale after paying a 5.5% commission. What was the sale price?
- A Maryland triplex with monthly rents of $1,100, $1,200, and $1,350 has annual PGI of:
Practice More Maryland Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Maryland Quiz →