Real Estate Exam Practice Sample Math Test

Sample math questions related to real estate that can be found within the paid subscriber area. This page of example questions does not include the grading function as do the math exams. Paid subscribers get instant answers and rationales.
Real Estate Math Exam
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1. A client tells you he is willing to pay you a 5% commision as long as she nets $250,000 on the sale of her home. To comply with her request what would be the minimum listing price?
  $259,000
  $260,100
  $262,500
  $263,158
 
2. A buyer's agent earned a $2,400 commision on a sale. If the total commision paid on the deal was 5.5%, what was the sales price of the house?
  $480,000
  $43,636
  $87,272
  $26,400
 
3. What is the value of an investment that is paying $695 per month at 7.5%?
  $112,100
  $111,000
  $111,200
  $111,420
 
4. If a property sold for $450,000 and rents at 1500 per month, what should a property renting at 1800 sell for?
  $540,000
  $480,000
  $400,000
  $500,000
 
5. Sales agent Ross has a 60/40 split with his broker. He just sold a home for $220,000 which paid a 3% commision. How much money did agent Ross make?
  $3,960
  $2,640
  $6,600
  $3,300
 
6. The sales price of a home was $180,000. The sellers paid a 4% commision to a broker. They then paid 1% of the sales price for fees and another $500 in miscellaneous fees. What were the net proceeds to the seller?
  $172,800
  $170,500
  $171,000
  $170,572
 
7. A home listed for $265,000 was sold by an agent. A $12,000 commision was earned at a 5% commision rate. What was the actual selling price of the home?
  $235,000
  $240,000
  $265,000
  Not determinable
 
8. The Bowman's accepted an offer approximately 10% below their listing price of $259,000. They paid a 3% commision to their broker. What was the sales price of their home?
  $6,993
  $233,100
  $240,093
  $252,007
 
9. A broker has negociated with a seller a 4% commision based on net proceeds. The home sold for $325,000 and the expenses to sell the home totaled $24,000. What was the commision amount paid?
  $12,960
  $12,040
  $13,000
  $12,400
 
10. A property listed at $500,000 sold for 5% below the listing price. What price did the property sell for?
  $475,000
  $495,000
  $485,000
  $425,000
 

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