Free Tool — Real Estate Broker
Broker Math Calculator
Compute total commission, the seller's net proceeds, and the list price needed to net a target — the high-frequency math on the real estate broker exam.
Broker Math Calculator
Net-to-List Price
Uses closing costs, loan payoff, and commission rate above.
Formula Reference
Commission = Price × Rate
Seller Net = Price − Commission − Costs − Payoff
List to Net = (Target + Costs + Payoff) ÷ (1 − Rate)
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The Broker Math You'll Be Tested On
Total commission is sale price × rate. The broker exam then goes a step further than the salesperson exam: it asks for the seller's net proceeds — what the seller actually walks away with after commission, closing costs, and the mortgage payoff.
The trickiest question type is “net-to-list”: given a seller's required net, find the list price. You can't just add the commission back, because commission is a percent of the unknown list price. The formula is List = (Target Net + Costs + Payoff) ÷ (1 − Rate).
Example: to net $150,000 after $4,000 costs, a $220,000 payoff, and 6% commission → ($150,000 + $4,000 + $220,000) ÷ 0.94 = $397,872.
Frequently Asked Questions
How do I find the list price to net a target?
Divide the seller's required net plus costs and loan payoff by (1 − commission rate). You divide because commission is taken from the unknown list price, not added on top.
Does seller's net include the mortgage payoff?
Yes. Net proceeds subtract the commission, closing costs, and the outstanding loan balance from the sale price. That's the cash the seller receives at closing.
What commission rate should I use?
Use the rate given in the question — commission is always negotiable and not set by law. Don't assume a default percentage on the exam.
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