West Virginia Real Estate Math
Practice Questions & Answers (2026)
Real estate math questions appear on every West Virginia real estate exam and test a focused set of calculations: commission splits, prorations (property tax, rent, interest), loan-to-value ratios, appreciation and depreciation, and area calculations. The West Virginia Real Estate Commission does not provide a calculator — but the math is designed to be workable without one if you know the right formulas. West Virginia candidates consistently lose points on proration questions because they apply the wrong day-count convention (360-day vs. 365-day year) or miscalculate the seller's vs. buyer's share. Work through every problem in this section until you can solve each type without hesitation.
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West Virginia Real Estate Math — Practice Questions & Answers
133 questions on Real Estate Math from the West Virginia real estate question bank. First 10 are free — sign up to unlock all 133.
Q1. A West Virginia property has an assessed value of $150,000 and a tax rate of $12.50 per $1,000 of assessed value. What is the annual property tax?
Explanation
Annual tax = (Assessed value ÷ 1,000) × Tax rate = (150,000 ÷ 1,000) × $12.50 = 150 × $12.50 = $1,875.
Q2. A West Virginia home sells for $185,000. The commission rate is 6%, split 50/50 between the listing and buyer's broker. The listing agent receives 70% of the listing broker's share. How much does the listing agent earn?
Explanation
Total commission = $185,000 × 6% = $11,100. Listing broker's share = $11,100 ÷ 2 = $5,550. Listing agent's share = $5,550 × 70% = $3,885.
Q3. A West Virginia buyer closes on a $210,000 home on April 15. Annual property taxes of $2,520 have not yet been paid. Using a 360-day year, what is the seller's prorated tax credit to the buyer?
Explanation
Daily tax rate = $2,520 ÷ 360 = $7.00 per day. Seller owes taxes for January 1–April 15 = 105 days (30+28+31+15 = Jan+Feb+Mar+15 days). Using 360-day year: 3 months × 30 = 90 + 15 = 105 days. Proration = 105 × $7.00 = $735.
Q4. A West Virginia investor purchases a small rental property for $120,000 and receives $950 per month in rent. What is the gross rent multiplier (GRM)?
Explanation
Using monthly GRM: GRM = Purchase Price ÷ Monthly Rent = $120,000 ÷ $950 = 126.3 ≈ 126. The GRM tells investors how many months of gross rent equal the purchase price.
Q5. A West Virginia property sells for $175,000. The seller agrees to pay a 5.5% commission. What is the total commission paid?
Explanation
Total commission = $175,000 × 5.5% = $175,000 × 0.055 = $9,625.
Q6. A West Virginia buyer takes out a $200,000 mortgage at 7% annual interest with a monthly payment of $1,331. How much of the first month's payment goes to principal?
Explanation
First month's interest = $200,000 × 7% ÷ 12 = $1,166.67. Principal = $1,331 - $1,166.67 = $164.33 ≈ $164.
Q7. A West Virginia property is listed at $225,000 and sells for 96% of list price. What is the sale price?
Explanation
Sale price = $225,000 × 96% = $225,000 × 0.96 = $216,000.
Q8. A West Virginia landlord rents a 1,200 sq ft commercial space at $15 per sq ft per year. What is the monthly rent?
Explanation
Annual rent = 1,200 sq ft × $15 = $18,000. Monthly rent = $18,000 ÷ 12 = $1,500.
Q9. A West Virginia investor wants an 8% return on a $400,000 investment property. What annual net operating income is required?
Explanation
Required NOI = Investment × Desired return = $400,000 × 8% = $32,000.
Q10. A West Virginia property has an annual NOI of $48,000 and is purchased for $600,000. What is the cap rate?
Explanation
Cap Rate = NOI ÷ Value = $48,000 ÷ $600,000 = 0.08 = 8%.
Q11. A West Virginia seller nets $142,000 after paying a 6% commission. What was the sale price?
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