Real Estate Math
A buyer's real estate agent receives a 3% commission on a $330,000 home purchase. The agent's broker takes 30% and the agent keeps 70%. What does the agent net?
A$6,930
B$9,900
C$2,970✓ Correct
D$4,620
Explanation
Total commission = 3% × $330,000 = $9,900. Agent keeps 70% = $9,900 × 0.
Related Pennsylvania Real Estate Math Questions
- A broker charges a 5% commission on a $425,000 sale, split evenly between listing and buyer sides. The listing agent earns 60% of the listing side. How much does the listing agent earn?
- A Pennsylvania seller nets $285,000 after paying a 5% broker commission and $8,000 in closing costs. What was the selling price?
- A Pennsylvania tenant pays $1,500/month rent. The landlord increases rent by 8%. What is the new monthly rent?
- A Pennsylvania broker charges 6% commission on sales up to $200,000 and 3% on the amount above $200,000. A property sells for $350,000. What is the total commission?
- A seller lists their home for $425,000 and agrees to pay a 5% commission. What is the total commission?
- A Pennsylvania buyer makes a $40,000 down payment on a $320,000 home. What is the loan-to-value (LTV) ratio?
- A Pennsylvania apartment building has 12 units renting at $1,200 per month, a 5% vacancy rate, and operating expenses equal to 40% of effective gross income. What is the annual NOI?
- An investment property was purchased for $200,000 five years ago and is now sold for $265,000. What is the percentage gain on the original purchase price?
Practice More Pennsylvania Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Pennsylvania Quiz →