Real Estate Math
A broker sold a commercial property for $875,000 and earned a 3% commission. How much commission was earned?
A$2,625
B$26,250✓ Correct
C$8,750
D$87,500
Explanation
Commission = $875,000 × 3% = $875,000 × 0.03 = $26,250.
Related Mississippi Real Estate Math Questions
- A Mississippi buyer obtains an FHA loan with a 3.5% down payment on a $200,000 purchase price. The upfront mortgage insurance premium (UFMIP) is 1.75% of the base loan amount. What is the UFMIP?
- A Mississippi property earns $5,200 per month in rent. The operating expense ratio is 40%. The NOI is:
- A Mississippi investor purchases a rental property for $120,000 and receives annual gross rents of $14,400. What is the gross rent multiplier (GRM)?
- A Mississippi property sells for $225,000. The buyer pays 20% down. What is the loan amount?
- A Mississippi property is depreciated for income tax purposes over 27.5 years (residential rental). If the depreciable basis is $165,000, the annual depreciation deduction is:
- A Mississippi agent earns $22,500 in commission on a $750,000 commercial sale. The commission rate is:
- A home sold for $195,000. The listing broker and buyer's broker split the 6% commission equally. The listing agent receives 55% of the listing side commission. How much does the listing agent receive?
- A Mississippi commercial tenant leases 4,500 square feet at $18 per square foot per year on a triple-net basis. Annual base rent is:
Practice More Mississippi Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Mississippi Quiz →