Real Estate Math
A West Virginia broker closes 15 transactions in a year with an average sale price of $175,000. At a 5% commission rate split 50/50 with cooperating brokers, what is the broker's gross commission income?
A$65,625✓ Correct
B$131,250
C$75,000
D$87,500
Explanation
Total volume = 15 x $175,000 = $2,625,000. Total commission = $2,625,000 x 0.
Related West Virginia Real Estate Math Questions
- A West Virginia investment property has an NOI of $30,000. If the capitalization rate in the market is 7.5%, what is the estimated value?
- A West Virginia investor purchases a 4-unit apartment building for $320,000 with an 80% loan. The annual NOI is $28,000. What is the annual debt coverage ratio (DCR) if annual debt service is $19,200?
- A West Virginia office building leases 5,000 square feet at $15 per square foot per year. The annual rent is:
- A West Virginia property management company takes 9% of collected rents. In a year, the managed properties collect $348,000 in rent. What is the management company's annual fee?
- A West Virginia property has a market value of $250,000. The county millage rate is 35 mills. What is the annual property tax if the assessment ratio is 60%?
- A West Virginia contractor charges $85 per square foot to renovate a 1,200 square foot home. What is the total renovation cost?
- A Charleston, WV duplex rents each unit for $900/month. The owner uses a GRM of 100 to estimate value. The estimated value is:
- A West Virginia investor buys a foreclosed property for $85,000, spends $35,000 on repairs, and sells it for $155,000. Ignoring closing costs, what is the gross profit?
Practice More West Virginia Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free West Virginia Quiz →