Real Estate Math
A Massachusetts condo buyer pays a 6% commission on a $430,000 purchase. The broker splits 50/50 with the cooperating broker, and the cooperating broker pays their agent 55%. What does the cooperating agent earn?
A$7,095✓ Correct
B$12,900
C$6,450
D$14,190
Explanation
Total commission = $430,000 × 6% = $25,800. Cooperating broker's side = $25,800 ÷ 2 = $12,900.
Related Massachusetts Real Estate Math Questions
- A home sells for $525,000. The buyer pays a 20% down payment and finances the rest. The lender charges 1.5 discount points on the loan. How much will the buyer pay in discount points?
- A Massachusetts condo owner pays $425/month in condo fees. Over a 2-year period, how much does the owner pay in condo fees?
- A Massachusetts home sold for $535,000 in 2023 and $580,000 in 2025. What is the percentage increase in value?
- A Massachusetts buyer purchases a $550,000 home with a $100,000 down payment. What percentage down did they put?
- A seller wants to net $480,000 after paying a 6% commission. What must the minimum sale price be?
- What is the annual depreciation on a Massachusetts residential rental property with an improvement value of $380,000 using straight-line depreciation over 27.5 years?
- A Massachusetts property with an NOI of $108,000 is valued at $1,440,000. What is the cap rate?
- A Massachusetts property's assessed value is $380,000 and the equalization rate is 80%. What is the estimated full market value?
Practice More Massachusetts Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Massachusetts Quiz →