Real Estate Math
A Wyoming listing broker charges a 6% commission on a $425,000 sale, split 50/50. How much does each side receive?
A$10,625
B$12,750✓ Correct
C$25,500
D$51,000
Explanation
Total commission = $425,000 x 6% = $25,500. Each broker's share = $25,500 / 2 = $12,750.
Related Wyoming Real Estate Math Questions
- A Wyoming broker wants to earn at least $8,500 on the listing side of a transaction. The property is expected to sell for $425,000 and the total commission is split 50/50 between listing and selling brokers. What minimum commission rate is required?
- What is the return on equity for a Wyoming investor who earned $15,000 net profit on an equity investment of $75,000?
- A Wyoming property generates $6,500/month in gross rent. What is the annual gross rent multiplier if the property sells for $936,000?
- A Wyoming buyer obtains a $200,000 mortgage at 7% annual interest. What is the first month's interest payment?
- A Wyoming apartment building has 8 units renting for $950/month each. The building operates at a 92% occupancy rate. What is the annual effective gross income?
- A Wyoming property sells for $520,000. Recording fees are $250, title insurance is $1,800, and the broker commission is 5.5%. What are the total seller closing costs (excluding loan payoff)?
- A Wyoming buyer makes an offer on a $280,000 home. The lender requires a 20% down payment. What is the required loan-to-value ratio and loan amount?
- A Wyoming property is listed at $375,000 and sells for 96% of the listing price. What is the selling price?
Practice More Wyoming Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Wyoming Quiz →