Real Estate Math
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?
A$9,020✓ Correct
B$13,530
C$22,550
D$12,300
Explanation
Total commission = 5.5% × $410,000 = $22,550. Buyer's broker = 40% × $22,550 = $9,020. To solve this, multiply the relevant values: $410,000 at 5.5%.. The correct answer is $9,020.. This is a common calculation on the New Hampshire real estate exam.
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?
- An appraiser determines that a property generates $36,000 in NOI annually and applies a 7.5% cap rate. What is the estimated value?
- A NH property management company charges 10% of collected rent. In a month with $18,500 in collected rent, the management fee is:
- A NH property has 120 feet of frontage on a lake. Similar lakefront properties sell at a premium of $1,200 per linear foot of frontage over inland properties. What additional value does the lake frontage represent?
- A property's market value is $340,000. Property taxes are $6,800 per year. What is the tax rate per $1,000 of assessed value (assuming assessed at 100% of market value)?
- A NH property has 3,200 sq ft of living area. A comparable sold for $185/sq ft. The adjusted comparable value is:
- A NH investor wants a 9% cap rate on a property with annual NOI of $27,000. What is the maximum price to pay?
- A NH property has a tax assessment of $410,000 and the mill rate is 22.5 mills. What is the annual property tax?
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 →