Real Estate Math (alternative)
A Maryland real estate agent sold 12 properties averaging $385,000. If the agent earns a 50% split on a 3% total commission, total annual earnings from these sales are:
A$69,300✓ Correct
B$104,400
C$138,600
D$277,200
Explanation
Total volume = 12 × $385,000 = $4,620,000. Total commission = $4,620,000 × 3% = $138,600. Agent's 50% = $138,600 × 50% = $69,300.
Related Maryland Real Estate Math (alternative) Questions
- A Maryland listing agent earns 60% of a 6% commission on a $275,000 sale. The agent's earnings are:
- A Maryland property sells for $550,000. The buyer's agent's brokerage receives 2.5% of the sale price. The commission is:
- A Maryland home that sells for $325,000 is financed at 80% LTV. The buyer pays 1.5 discount points. How much are the discount points?
- A Maryland investor finances a $500,000 property with $125,000 down and earns $40,000 NOI per year. The cash-on-cash return (using NOI before debt service) is:
- A Maryland seller lists at $529,000 and accepts 98% of list price. The 6% commission on the actual sale price is:
- A Maryland property has a mortgage balance of $180,000 at 5% annual interest. Annual interest expense is:
- A Maryland buyer's monthly PITI payment is $2,200. Their gross monthly income is $7,000. Their housing expense ratio (front-end DTI) is approximately:
- A Maryland property is assessed at $320,000. The tax rate is $1.10 per $100 of assessed value. Annual taxes are:
Practice More Maryland Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Maryland Quiz →