Real Estate Math
A Wisconsin home is listed at $320,000 and sells for 97% of the listing price. The commission rate is 5.5%. What is the commission paid?
A$16,060
B$17,050
C$17,104✓ Correct
D$17,600
Explanation
Sale price = $320,000 × 0.97 = $310,400.
Related Wisconsin Real Estate Math Questions
- A Wisconsin property has a market value of $275,000 and is assessed at 100% of market value. The mill rate is 22 mills. What is the annual property tax?
- A Wisconsin seller wants to net $225,000 after a 6% commission. What is the minimum sale price needed?
- A Wisconsin property sold for $275,000. The seller paid $6,000 in closing costs and a 5.5% commission. What was the seller's net proceeds?
- A Wisconsin property sells for $215,000. If the buyer gets a 90% LTV loan, what is the down payment?
- A Wisconsin seller's property is assessed at $165,000 and the assessment ratio is 90% of market value. What is the estimated market value?
- A Wisconsin home sells for $395,000. The listing broker charges a 6% commission split evenly with the cooperating broker. The listing agent receives 60% of the listing broker's share. How much does the listing agent earn?
- A Wisconsin property has a gross rent multiplier of 9 and monthly rent of $1,800. What is the estimated market value?
- A Wisconsin home appraises at $375,000 but the buyer and seller agreed to a purchase price of $390,000. The lender will base the loan on:
Practice More Wisconsin Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Wisconsin Quiz →