Real Estate Math
A NH listing sells for $395,000 with a 5% commission. The listing broker and buyer's broker split the commission equally. The listing salesperson earns 55% of the listing side. What does the listing salesperson earn?
A$5,431✓ Correct
B$10,863
C$9,875
D$10,861
Explanation
Total commission = 5% × $395,000 = $19,750. Each side = $9,875.
Related New Hampshire Real Estate Math Questions
- A NH buyer finances $320,000 at 6.5% for 30 years. Using a monthly payment factor of $6.32 per $1,000, what is the approximate monthly PI payment?
- A NH property's gross annual rent is $54,000. A comparable sale with a gross annual rent of $48,000 sold for $576,000. Using the GRM method, what is the estimated value of the subject property?
- A NH property has 3,200 sq ft of living area. A comparable sold for $185/sq ft. The adjusted comparable value is:
- A property is assessed at $240,000 at a rate of 90% of market value. The property tax rate is $18 per $1,000 of assessed value. What are the annual taxes?
- A NH investment property generates $4,200/month in rent. Annual operating expenses are $8,400. If the cap rate is 7%, what is the property's estimated value?
- A buyer's loan-to-value ratio is 80% on a $375,000 purchase. How much did the buyer put down?
- A buyer wants to make an offer that gives the seller a net of $265,000 after paying a 5% commission. What should the offer price be?
- A NH property sells for $410,000. The broker's total commission is 5.5%. The listing broker and buyer's broker split it 60/40. How much does the buyer's broker receive?
Practice More New Hampshire Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free New Hampshire Quiz →