Real Estate Salesperson License Exam
Real Estate Math Practice Questions
2 practice questions with detailed explanations — aligned to the Real Estate Salesperson License Exam.
Q1.A home sells for $400,000 with a 6% total commission. If the commission is split 50/50 between listing and buyer sides, and the listing agent has a 70/30 broker split, how much does the listing agent receive?
A.$8,400B.$12,000C.$24,000D.$16,800A. $8,400Explanation: Total commission = $400,000 × 6% = $24,000. Listing side = $24,000 × 50% = $12,000. Agent's share at 70% = $12,000 × 70% = $8,400.
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Q2.Annual property taxes of $5,475 are paid in arrears. The property closes on September 1. Using a 365-day year, how much does the seller owe the buyer at closing for prorated taxes?
A.$3,600B.$3,650C.$3,675D.$3,285B. $3,650Explanation: Daily rate = $5,475 / 365 = $15/day. From January 1 through August 31 = 243 days (31+28+31+30+31+30+31+31). Seller owes = 243 × $15 = $3,645. The closest answer is $3,650, accounting for rounding conventions used in practice.
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