Real Estate Math
A Nevada listing agreement calls for a 6% commission on a $275,000 sale. The listing broker and selling broker split the commission 50/50. How much does each broker receive?
A$6,600
B$8,250✓ Correct
C$16,500
D$9,900
Explanation
Total commission = 6% x $275,000 = $16,500. Each broker receives $16,500 / 2 = $8,250. To solve this, multiply the relevant values: $275,000 at 6%.. The correct answer is $8,250.. This is a common calculation on the Nevada real estate exam.
Related Nevada Real Estate Math Questions
- A Nevada commercial building has a NOI of $95,000 and sells at a 6.5% cap rate. What is the sale price?
- A Nevada property was purchased for $200,000 three years ago and now sells for $260,000. What is the annual appreciation rate (simple)?
- A home in Clark County sells for $400,000. What is the Nevada Transfer Tax owed?
- A Nevada property is purchased for $340,000 with a 20% down payment. What is the loan amount?
- A Nevada investor wants a 10% annual cash-on-cash return on a $75,000 down payment. What must the annual after-debt cash flow be?
- A Nevada property has a net operating income of $45,000 and is valued at $500,000. What is the cap rate?
- 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 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 →