Real Estate Math
A West Virginia homeowner wants to sell their home and net at least $195,000 after paying a 6% commission. What is the minimum sale price they need?
A$206,382
B$195,000✓ Correct
C$207,500
D$210,000
Explanation
Net = Sale price × (1 - 0.06) = SP × 0.
Related West Virginia Real Estate Math Questions
- A West Virginia office building leases 5,000 square feet at $15 per square foot per year. The annual rent is:
- A West Virginia transaction has a purchase price of $310,000. The commission is 5%. If the listing brokerage receives 60% of the total commission, what does the listing brokerage receive?
- A West Virginia property is listed at $250,000. The buyer obtains a loan for 80% of the purchase price. How much is the down payment?
- A West Virginia income property generates $60,000 annual gross income with a 10% vacancy rate. Effective gross income is:
- 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 seller's home was appraised at $180,000 and listed for $189,900. The buyer's offer of $183,000 is accepted. The transfer tax the seller owes is:
- A West Virginia seller nets $187,500 after paying a 6% commission. What was the sale price?
- A West Virginia agent earns 3% of the sale price as their commission. The agent's broker takes 30% of the agent's commission as a split. The property sold for $260,000. What does the agent net?
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 →