Real Estate Math
A Vermont broker earns a 6% commission on a sale. If the listing broker and selling broker split the commission 50/50, and each broker keeps 40% with 60% going to the salesperson, how much does the selling salesperson earn on a $500,000 sale?
A$9,000✓ Correct
B$15,000
C$18,000
D$30,000
Explanation
Total commission = $500,000 × 6% = $30,000. Selling broker's half = $15,000.
Related Vermont Real Estate Math Questions
- A Vermont buyer's loan amount is $240,000 at 6% annual interest. What is the first month's interest payment?
- A Vermont home sells for $375,000. The Vermont Property Transfer Tax for a non-primary-residence buyer is 1.45% of the purchase price. What is the tax?
- A Vermont buyer makes a 10% down payment on a $280,000 home. What is the loan amount?
- A Vermont property's monthly gross rent is $2,800. Using a GRM of 150, what is the estimated value?
- A Vermont lot measures 200 feet by 300 feet. What is the lot size in acres? (1 acre = 43,560 sq ft)
- A Vermont investment property has a capitalization rate of 7% and an NOI of $35,000. What is the indicated value?
- A Vermont commercial lease has a 3% annual escalation clause on a base rent of $24,000/year. What will the annual rent be in year 2?
- A Vermont couple's combined gross monthly income is $9,200. The front-end housing ratio limit is 28%. What is the maximum monthly housing expense allowed?
Practice More Vermont Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Vermont Quiz →