Real Estate Math
A Nevada agent receives a 2.5% buyer's agent commission on a $525,000 sale. Their broker takes 30%. How much does the agent keep?
A$9,188✓ Correct
B$13,125
C$11,025
D$9,187.50
Explanation
Total commission = 2.5% x $525,000 = $13,125. Broker's 30% = $3,937.50. Agent keeps 70% = $13,125 x 0.70 = $9,187.50.
Related Nevada Real Estate Math Questions
- An investment property generates a monthly gross rent of $2,800. Using a GRM of 140, what is the estimated property value?
- A Nevada property owner pays annual property taxes of $3,600. If the tax rate is 3%, what is the assessed value?
- A Nevada rental property produces monthly rent of $2,200. The owner's operating expenses are $8,400 per year. What is the annual NOI?
- A Nevada commercial lease has a base rent of $4,000/month with 3% annual increases. What is the rent in year 3?
- A Nevada buyer wants a maximum monthly payment of $1,800 for P&I. Using a factor of $6.00 per $1,000 (30-yr, 6%), what is the maximum loan amount?
- A Nevada home sold for $425,000, which was 15% more than the seller originally paid. What did the seller originally pay?
- A Nevada property has a monthly gross income of $2,800. Using a Gross Rent Multiplier of 110, what is the estimated property value?
- A Nevada seller receives $448,500 after paying a 6% commission and $3,000 in other costs. What was the original sale price?
Practice More Nevada Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Nevada Quiz →