Real Estate Math
A Wisconsin seller paid $12,000 in commission and sold the home for $200,000. What was the commission rate?
A5%
B6%✓ Correct
C7%
D8%
Explanation
Commission rate = $12,000 / $200,000 = 0.06 = 6%.
Related Wisconsin Real Estate Math Questions
- A Wisconsin seller paid $280,000 for their home five years ago. They made $35,000 in improvements. If they sell for $395,000, what is their capital gain (before exclusion)?
- A Wisconsin property with a market value of $310,000 is assessed at 95% of market value. The mill rate is 20 mills. What is the annual property tax?
- A Wisconsin property has a tax rate of 18 mills and an assessed value of $240,000. What is the annual property tax?
- A Wisconsin property owner wants to build a garage that costs $28,000. The appraiser estimates it will add $21,000 in value. This project illustrates the principle of:
- A Wisconsin lender charges an origination fee of 1.5% on a $196,000 loan. What is the origination fee in dollars?
- 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 owner depreciates a $360,000 commercial building (land = $60,000) over 39 years. What is the annual depreciation?
- A Wisconsin apartment building has a cap rate of 8.5% and an NOI of $51,000. What is its value?
Practice More Wisconsin Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Wisconsin Quiz →