Real Estate Math
A buyer's agent earns 2.8% on a $330,000 sale. The buyer's broker keeps 40% and pays the agent 60%. How much does the agent earn?
A$5,544✓ Correct
B$9,240
C$3,696
D$6,160
Explanation
Commission = $330,000 × 2.8% = $9,240. Agent = $9,240 × 60% = $5,544. To solve this, multiply the relevant values: $330,000 at 2.8%.. The correct answer is $5,544.. This is a common calculation on the Nebraska real estate exam.
Related Nebraska Real Estate Math Questions
- If a property's assessed value increases from $195,000 to $208,000 and the tax rate stays at 2.1%, by how much do annual taxes increase?
- A Nebraska farm of 640 acres produces $180,000 net income annually. Using a 4.5% cap rate, the farm's value is:
- A Nebraska property manager handles a 12-unit complex. Each unit rents for $975/month. Vacancy is 8% and expenses are 40% of EGI. What is the annual NOI?
- A broker earns a 6% commission on a $450,000 sale. The listing and buyer's agent sides split it 50/50. The buyer's agent is with a different brokerage and earns a 60/40 split with their broker (agent gets 60%). How much does the buyer's agent earn?
- A Nebraska investor in a 24% tax bracket owns a rental property with $8,000 in taxable depreciation deductions. The annual tax savings from depreciation are:
- An Omaha commercial lease is 4,500 sq ft at $22/sq ft/year on a gross basis. The landlord pays $8,000/year in property taxes, $3,500 in insurance, and $9,500 in maintenance. What is the annual NOI?
- A Nebraska property manager collects $22,400 in monthly rents across 8 properties. The management fee is 9%. After 3 months, total management fees collected are:
- A Nebraska salesperson on a 70/30 split (agent 70%, broker 30%) earned $52,500 in commissions in a year. The broker received:
Practice More Nebraska Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Nebraska Quiz →