Sample Practice Questions – Real Estate Math Prep

1.

A $275,000 sale has a 5.5% commission. The selling broker receives 40% of the total commission. How much does the selling broker earn?

$6,600

$6,050

$7,150

$9,075

2.

A seller wants to net $290,000 after a 6% commission. What sale price is required?

$309,200

$307,400

$306,667

$308,511

3.

An agent lists a $510,000 home at 3% commission and keeps 55%. How much does the agent earn?

$15,300

$9,180

$7,650

$8,415

4.

A home sells for $350,000. The commission is 7% on the first $200,000 and 5% on the remaining $150,000. What is the total commission?

$21,500

$22,000

$24,500

$17,500

5.

A $480,000 sale has a 6% total commission split evenly between listing and selling sides. A salesperson receives 45% of the selling side. What is the salesperson’s earnings?

$14,400

$12,960

$6,480

$7,020

6.

A $420,000 sale has a 6% total commission split 50/50 between the listing and selling agents. How much does the selling agent receive?

$12,600

$13,500

$11,200

$25,200

7.

A $625,000 home sells with a 6% total commission, split evenly between two brokers. Each broker pays their agent 70% of their share. How much does the agent earn?

$13,125

$9,188

$18,750

$26,250

8.

A listing agent earns 3% on a $310,000 sale and keeps 60% of the commission. How much does the agent keep?

$9,300

$4,650

$3,720

$5,580

9.

A seller wants to net $340,000 after a 5.5% commission. What should the home sell for?

$359,788

$358,789

$360,000

$362,788

10.

A home sells for $385,000. The broker earns a 6% commission. What is the commission?

$21,100

$22,500

$23,100

$24,000

Sample Real Estate Math Questions

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