Real Estate Math
A home sells for $285,000. The listing agent's brokerage charges a 6% commission, split equally between listing and selling brokerages. What does each brokerage receive?
A$8,550✓ Correct
B$17,100
C$5,700
D$14,250
Explanation
Total commission: $285,000 × 0.06 = $17,100. Split equally: $17,100 ÷ 2 = $8,550 per brokerage. To solve this, multiply the relevant values: $285,000 at 6%.. The correct answer is $8,550.. This is a common calculation on the Montana real estate exam.
Related Montana Real Estate Math Questions
- A salesperson earns 60% of the commission from a sale. The total commission was $15,600. How much did the salesperson earn?
- A property has a gross monthly rent of $2,400. Using a GRM of 110, what is the estimated property value?
- A commercial property has 5,000 square feet of leasable space at $18/sq ft per year. What is the annual gross rent?
- A property owner wants to net $275,000 after paying a 5% commission. What must the property sell for?
- A section of land contains how many acres?
- A property's price per square foot is $185. If the home is 1,800 square feet, what is the estimated value?
- A Missoula property sold for $280,000. The listing broker receives 60% of a 5.5% commission. How much does the listing broker receive?
- A property management company charges 8% of collected rents. If the building collected $148,000 in rent for the year, what is the management fee?
Practice More Montana Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Montana Quiz →