Real Estate Math
A Washington home is listed for $799,000. After two weeks, the seller accepts an offer at $785,000. The broker earns 5.5% commission. What is the commission on the final sale price?
A$41,750
B$43,175✓ Correct
C$43,945
D$44,000
Explanation
Commission = $785,000 × 5.5% = $43,175. To solve this, multiply the relevant values: $799,000 and $785,000 at 5.5%.. The correct answer is $43,175.. This is a common calculation on the Washington real estate exam.
Related Washington Real Estate Math Questions
- A Washington investor wants to buy a retail strip mall that generates $480,000 NOI. The cap rate for comparable properties is 6.5%. What is the indicated value?
- A Washington listing has an annual property tax of $7,200 and a homeowner's insurance premium of $1,800/year. A buyer's monthly escrow payment for taxes and insurance alone is:
- A Washington building has an annual NOI of $180,000. The investor uses a 7.5% cap rate. What is the value?
- A Washington homeowner has a $520,000 home with a $310,000 mortgage. Their equity is:
- A Washington 6-unit apartment has 5 units occupied at $1,500/month and 1 vacant. Monthly rent loss from vacancy is:
- A Washington homeowner has a $350,000 loan at 6.5% interest only for the first year. What is the monthly interest payment?
- A Washington investor wants a 9% return on a $600,000 investment. What annual NOI is required?
- A Washington broker's listing agreement states they earn 3% of the first $400,000 and 2% of the balance. The home sells for $720,000. What is the commission?
Practice More Washington Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Washington Quiz →