Real Estate Math
A Vermont buyer's agent earns 45% of a 6% total commission on a $320,000 sale. What is the buyer's agent's commission?
A$7,680
B$8,640✓ Correct
C$9,600
D$14,400
Explanation
Total commission = $320,000 × 0.06 = $19,200. Buyer's agent's share = $19,200 × 0.45 = $8,640. To solve this, multiply the relevant values: $320,000 at 45%.. The correct answer is $8,640.. This is a common calculation on the Vermont real estate exam.
Related Vermont Real Estate Math Questions
- A Vermont seller nets $318,250 after paying a 5% commission. What was the sale price?
- A Vermont property is assessed at $240,000, and the local tax rate is $1.85 per $100 of assessed value. What is the annual property tax?
- A Vermont property sold for $265,000. The buyer paid a PTT. What was the total PTT owed?
- A Vermont house appraises for $375,000. The lender allows a maximum LTV of 80%. What is the maximum loan amount?
- A Vermont property is purchased with a $50,000 down payment and a $200,000 mortgage. One year later it is worth $280,000. What is the equity?
- Using proration, a Vermont seller has prepaid annual property taxes of $3,600. Closing is on March 31 (90 days into a 360-day year). How much does the buyer owe the seller as a proration credit?
- A Vermont property owner pays $3,200 in annual property taxes. If the tax rate is $1.60 per $100 of assessed value, what is the assessed value?
- A Vermont seller nets $315,000 after paying a 5% commission on the sale. What was the sale price?
Practice More Vermont Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Vermont Quiz →