Real Estate Math
A Nevada home sold for $510,000. The seller paid a 5.5% commission. How much did the seller receive after commission?
A$481,950✓ Correct
B$482,450
C$483,450
D$484,650
Explanation
Commission = $510,000 × 0.055 = $28,050. Net to seller = $510,000 - $28,050 = $481,950. To solve this, multiply the relevant values: $510,000 at 5.5%.. The correct answer is $481,950.. This is a common calculation on the Nevada real estate exam.
Related Nevada Real Estate Math Questions
- A Nevada property has 8 units renting at $1,350/month each. The vacancy rate is 6%, expenses are $32,000/year. If it sells at a 5.5% cap rate, what is the approximate sale price?
- A Nevada buyer finances $320,000 at 6.5% for 30 years. After 5 years, the balance is approximately $300,000. What is the equity if the home is now worth $380,000?
- A Nevada property owner pays annual property taxes of $3,600. If the tax rate is 3%, what is the assessed value?
- A Nevada property is listed at $350,000. After 90 days, the price is reduced by 8%. What is the new listing price?
- A Nevada commercial property has annual operating expenses of $40,000 and potential gross income of $90,000 with a 10% vacancy rate. What is the NOI?
- If a Nevada property generates $5,000 per month in gross rent and has a monthly vacancy of 5%, what is the annual effective gross income?
- A Nevada investor purchases a rental property for $280,000 and wants a 12% annual return. What minimum annual gross income must the property generate?
- A Nevada duplex generates $2,200/month per unit. With a vacancy rate of 8% and a GRM of 105 (monthly), what is the indicated value?
Practice More Nevada Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Nevada Quiz →