Real Estate Math
A Montana ranch sells for $840,000. The listing broker and buyer's broker split the 5% commission equally. If each brokerage then pays their agent a 60/40 split (agent gets 60%), how much does the buyer's agent receive?
A$25,200
B$12,600✓ Correct
C$21,000
D$10,080
Explanation
Total commission = $840,000 x 0.05 = $42,000. Each brokerage receives $21,000. Buyer's agent receives 60% of $21,000 = $12,600.
Related Montana Real Estate Math Questions
- A Great Falls rental property has a monthly gross rent of $1,400 and annual operating expenses of $7,200. What is the annual NOI?
- 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 is assessed at $280,000. The mill levy is 80 mills. What are the annual property taxes?
- Annual property taxes are $4,200 on a home with a market value of $350,000. What is the effective tax rate?
- A property has a gross monthly rent of $2,400. Using a GRM of 110, what is the estimated property value?
- A listing agent charges a 6% commission on the first $200,000 and 4% on any amount above $200,000. A property sells for $350,000. What is the total commission?
- A commercial property has 5,000 square feet of leasable space at $18/sq ft per year. What is the annual gross rent?
- A salesperson earns 60% of the commission from a sale. The total commission was $15,600. How much did the salesperson earn?
Practice More Montana Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Montana Quiz →