Real Estate Math
A Wisconsin seller agrees to pay 6% commission. The property sells for $315,000. After paying the full commission, how much does the seller receive from the sale (gross, before other costs)?
A$285,000
B$296,100✓ Correct
C$301,500
D$305,000
Explanation
Commission = $315,000 × 6% = $18,900. Net = $315,000 - $18,900 = $296,100.
Related Wisconsin Real Estate Math Questions
- A Wisconsin buyer purchases a home for $325,000 with an FHA loan (3.5% down). The UFMIP (upfront mortgage insurance premium) is 1.75% of the base loan amount. What is the UFMIP?
- A Wisconsin commercial building generates $120,000 annual NOI. An investor wants a 7% cap rate. What is the indicated value?
- A Wisconsin property is assessed at $180,000. The assessment ratio is 90% of market value. What is the estimated market value?
- A Wisconsin home sells for $250,000. The transfer tax is $3 per $1,000. What is the transfer tax owed?
- A Wisconsin investor purchases a 4-unit property. Each unit rents for $1,100/month. The vacancy rate is 5%. Annual operating expenses are $14,000. What is the NOI?
- A Wisconsin homeowner's insurance premium is $1,800/year. If the lender impounds this cost monthly, how much is added to the monthly mortgage payment?
- A Wisconsin investor buys a duplex for $220,000. Each unit rents for $900/month. The annual operating expenses are $9,600. What is the annual net operating income (NOI)?
- A Wisconsin buyer takes a $180,000 mortgage at 6% annual interest. What is the first month's interest payment?
Practice More Wisconsin Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Wisconsin Quiz →