Real Estate Math
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$7,110✓ Correct
B$11,850
C$14,220
D$23,700
Explanation
Total commission = $395,000 × 6% = $23,700. Listing broker's share = $23,700 ÷ 2 = $11,850. Listing agent's share = $11,850 × 60% = $7,110.
Related Wisconsin Real Estate Math Questions
- 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:
- A Wisconsin property has 4 units renting at $1,050/month each. Vacancy is 6% and annual expenses are $15,000. What is the annual NOI?
- A Wisconsin home originally purchased for $200,000 is assessed at 80% of market value. The mill rate is 25 mills. What is the annual property tax?
- A Wisconsin property is depreciated over 27.5 years (residential). It was purchased for $330,000, with the land valued at $30,000. What is the annual depreciation deduction?
- A Wisconsin buyer obtains a 90% LTV mortgage on a $220,000 home. How much is the down payment?
- 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 property has a lot measuring 150 feet by 200 feet. How many square feet is the lot?
- A Wisconsin property is assessed at $180,000. The assessment ratio is 90% of market value. What is the estimated market value?
Practice More Wisconsin Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Wisconsin Quiz →