Real Estate Math
An Oregon seller pays a 5% commission on a $460,000 sale. How much is the commission?
A$23,000✓ Correct
B$46,000
C$4,600
D$2,300
Explanation
Commission = $460,000 × 0.05 = $23,000. To solve this, multiply the relevant values: $460,000 at 5%.. The correct answer is $23,000.. This is a common calculation on the Oregon real estate exam.
Related Oregon Real Estate Math Questions
- A property is assessed at $275,000. The annual property tax rate is $14 per $1,000 of assessed value. What is the monthly tax payment?
- A property has an area of 2,178,000 square feet. How many acres is this?
- A property in Oregon has a market value of $480,000 and is assessed at 90% of market value. The tax rate is $12.50 per $1,000 of assessed value. What is the annual property tax?
- An Oregon commercial property is priced at $2,400,000. Annual NOI is $168,000. What is the cap rate?
- A Salem commercial property has a net operating income of $120,000. If the market cap rate is 7%, what is the property value? If the cap rate rises to 8%, what happens to the value?
- A homeowner purchased their home for $285,000 five years ago. They have paid down $12,000 in principal. The home is now worth $360,000. What is the homeowner's current equity?
- A Portland property purchased for $525,000 sells 4 years later for $620,000. What is the total appreciation percentage?
- A property is purchased for $600,000. The buyer makes a 20% down payment and finances the rest. The lender charges a 1% origination fee. What is the origination fee?
Practice More Oregon Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Oregon Quiz →