Real Estate Math
A broker charges 6% commission. The property sells for $425,000. The listing broker and buyer's broker split the commission equally. The buyer's broker's salesperson receives 50% of the buyer's broker's side. How much does that salesperson earn?
A$6,375✓ Correct
B$12,750
C$7,650
D$5,100
Explanation
Total commission = $425,000 × 6% = $25,500. Buyer's broker side = $25,500 ÷ 2 = $12,750. Salesperson = $12,750 × 50% = $6,375.
Related Nebraska Real Estate Math Questions
- An investor pays $550,000 for a building and wants a 9% annual return. What annual NOI is required?
- A Nebraska lender charges 2 points on a $256,000 loan. The total loan origination fees (points) are:
- A buyer's loan has a 1% origination fee on a $240,000 mortgage. How much is the origination fee?
- If a property sells for $340,000 and the buyer's costs are 3% of the purchase price for closing, what are the total closing costs?
- A Nebraska homeowner's mortgage balance is $165,000. The home appraises at $220,000. What is the loan-to-value ratio?
- Annual property taxes are $3,600 on a home with an assessed value of $180,000. What is the tax rate per $100 of assessed value?
- A property sells for $325,000. The commission rate is 6%. What is the total commission?
- A 320-acre Nebraska farm is selling for $9,000/acre. The buyer needs a 35% down payment. What is the down payment required?
Practice More Nebraska Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Nebraska Quiz →