Real Estate Math
A Utah home sells for $450,000. The listing agent's brokerage earns a 3% commission and the buyer's agent's brokerage earns 3%. What is the total commission?
A$9,000
B$13,500
C$27,000✓ Correct
D$18,000
Explanation
Total commission = $450,000 × 6% = $27,000. Each brokerage earns $13,500 (3% × $450,000).
Related Utah Real Estate Math Questions
- If a property manager charges 8% of collected rents, and monthly rents collected are $12,500, what is the monthly management fee?
- A property has a gross rent multiplier (GRM) of 14 and generates $2,800/month in gross rent. What is the estimated value?
- What is the value of the NE 1/4 of the SW 1/4 of a section if land is worth $1,500 per acre?
- A buyer pays $375,000 for a home with a 20% down payment. What is the loan amount?
- A Utah investment property has an annual gross rental income of $42,000. The vacancy rate is 5% and operating expenses total $16,000. What is the net operating income (NOI)?
- An investor purchases a property for $500,000 with a 25% down payment. What is the loan amount?
- A commercial space has 4,200 square feet at $22 per square foot per year (NNN lease). What is the monthly base rent?
- Seller closing costs include a 5% commission on a $415,000 sale, $1,200 title fees, and $800 in other costs. What are total seller closing costs?
Practice More Utah Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Utah Quiz →