Real Estate Math
A Missouri agent earns a 2.5% buyer agent commission on a $485,000 sale. The agent's broker takes 30%. What does the agent net?
A$8,488✓ Correct
B$10,900
C$8,500
D$12,125
Explanation
Total commission = $485,000 × 2.5% = $12,125. Broker takes 30% = $3,637.50. Agent nets $12,125 − $3,637.50 = $8,487.50 ≈ $8,488.
Related Missouri Real Estate Math Questions
- A Missouri property earns $2,800/month in rent. The owner wants a 9% return. What is the maximum purchase price justified?
- A St. Louis area property has an assessed value of $85,000 and a tax rate of $11.20 per $100. What are the annual taxes?
- A Missouri home was purchased for $150,000 five years ago and now sells for $187,500. What is the percentage increase in value?
- A Missouri investor purchases a duplex for $180,000 and collects $1,200/month per unit. What is the gross rent multiplier (GRM)?
- A Missouri agent sells a property for $410,000 and earns a 2.8% commission. What is the commission?
- A Missouri commercial building sells for $750,000 with a 5% commission. If the listing and selling broker split equally, and each broker gives their agent 60%, how much does the selling agent earn?
- A Missouri property tax bill is $4,200 per year. The closing occurs on September 30. The seller is responsible through closing. What is the seller's prorated tax share (using 360-day year)?
- A Missouri duplex generates $900/month per unit. The investor pays $130,000. What is the GRM?
Practice More Missouri Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Missouri Quiz →