Real Estate Math

Question 1 of 15

1

A real estate salesperson brings a buyer to a For-Sale-By-Owner transaction. The home sells for $120,000, and the seller agrees to pay a commission of 3%. The salesperson is on a 65% commission schedule with her broker. How much will the salesperson receive from this transaction?

Select one of the following:

$2,300
$2,340
$4,680
$7,200

Explanation

Question 2 of 15

1

Sales associate Shirley and her broker agree to split commissions on a
60/40 basis, respectively(associate, 60%; broker, 40%). How much
commission will the sales associate earn if she lists and sells (both sides of
the deal) the property for $240,000 and the listing commission was 7%?

Select one of the following:

$16,800
$1,176
$10,800
$10,080

Explanation

Question 3 of 15

1

Jerry is a sales agent at Ready Realty and enjoys an 80/20 split with
his broker (Jerry receives 80%). Recently Jerry closed on a $375,000
deal where he only represented the buyer. If the property was listed
at 6%, what was Jerry’s commission?

Select one of the following:

$22,500
$11,250
$9,000
$18,000

Explanation

Question 4 of 15

1

A sales associate and a broker and split commission on a 70/30 basis,
respectively. How much commission will the broker receive if his
brokerage represents both sides, the home sells for $230,000 and the
listing commission rate is 7%?

Select one of the following:

$4,830
$8,760
$16,100
$12,200

Explanation

Question 5 of 15

1

Lamar sells another broker's $800,000 listing for $785,000 at a commission rate of 6.5%. Lamar has a 40% commission split with his broker. If there is also a 50% brokerage split, what commission will Lamar receive?

Select one of the following:

$51,025
$25,512.50
$12,756.25
$10,205

Explanation

Question 6 of 15

1

The borrower is applying for a home loan of $225,000. If the lender charges an origination fee of 1%,
how much will the origination fee be?

Select one of the following:

$2,000
$2,500
$2,250
$2,750

Explanation

Question 7 of 15

1

The principle balance of a loan is $360,000. The monthly principal and interest payment will be $2,160 per month for 30 years. How much interest will be paid over the term of the loan?

Select one of the following:

$777,600
$417,600
$417,000
$317,600

Explanation

Question 8 of 15

1

If a homeowner has a loan for $360,000 at 5% interest, how much does the homeowner pay
in interest each month?

Select one of the following:

$1,500
$11,500
$3,000
$18,000

Explanation

Question 9 of 15

1

If a homeowner has a loan for $185,000 at 6.5% interest, how much does the homeowner
pay in interest each month?

Select one of the following:

$3,000.06
$2,000.08
$1,002.08
$1,202.06

Explanation

Question 10 of 15

1

Solve for the amount of monthly interest that is owed on an interest-only loan based on the following facts: Loan amount $115,000, annual interest rate of 7%?

Select one of the following:

$8,050
$670.83
$750.25
$4,025

Explanation

Question 11 of 15

1

The lender agreed to a loan based on an 90% LTV. If the contract price was
$187,000, what is the down payment amount?

Select one of the following:

$18,700
$18,000
$16,300
$16,800

Explanation

Question 12 of 15

1

The lender agreed to a loan based on an 85% LTV. If the contract price was
$225,000, what is the loan amount?

Select one of the following:

$190,320
$225,000
$191,250
$180,250

Explanation

Question 13 of 15

1

The lender agreed to a loan based on an 85% LTV. If the contract price was
$220,000 and the appraised value was $215,000, what is the down payment amount?

Select one of the following:

$42,250
$22,250
$33,000
$32,250

Explanation

Question 14 of 15

1

If a buyer agrees to a contract price of $279,000 for a home and the appraised value
is $274,000, what would the loan amount be at 85 LTV%?

Select one of the following:

$41,850
$237,150
$41,100
$232,900

Explanation

Question 15 of 15

1

If Jessica purchases a property for $290,000, and borrows $200,000 she is said to have a LTV ratio of….?

Select one of the following:

$68.90
68.9%
75%
$75.00

	Created by Randolph G over 3 years ago

Real Estate Math

Real Estate Math

Real Estate Math

Question 1 of 15

A real estate salesperson brings a buyer to a For-Sale-By-Owner transaction. The home sells for $120,000, and the seller agrees to pay a commission of 3%. The salesperson is on a 65% commission schedule with her broker. How much will the salesperson receive from this transaction?

Select one of the following:

Explanation

Question 2 of 15

Sales associate Shirley and her broker agree to split commissions on a 60/40 basis, respectively(associate, 60%; broker, 40%). How much commission will the sales associate earn if she lists and sells (both sides of the deal) the property for $240,000 and the listing commission was 7%?

Select one of the following:

Explanation

Question 3 of 15

Jerry is a sales agent at Ready Realty and enjoys an 80/20 split with his broker (Jerry receives 80%). Recently Jerry closed on a $375,000 deal where he only represented the buyer. If the property was listed at 6%, what was Jerry’s commission?

Select one of the following:

Explanation

Question 4 of 15

A sales associate and a broker and split commission on a 70/30 basis, respectively. How much commission will the broker receive if his brokerage represents both sides, the home sells for $230,000 and the listing commission rate is 7%?

Select one of the following:

Explanation

Question 5 of 15

Lamar sells another broker's $800,000 listing for $785,000 at a commission rate of 6.5%. Lamar has a 40% commission split with his broker. If there is also a 50% brokerage split, what commission will Lamar receive?

Select one of the following:

Explanation

Question 6 of 15

The borrower is applying for a home loan of $225,000. If the lender charges an origination fee of 1%, how much will the origination fee be?

Select one of the following:

Explanation

Question 7 of 15

The principle balance of a loan is $360,000. The monthly principal and interest payment will be $2,160 per month for 30 years. How much interest will be paid over the term of the loan?

Select one of the following:

Explanation

Question 8 of 15

If a homeowner has a loan for $360,000 at 5% interest, how much does the homeowner pay in interest each month?

Select one of the following:

Explanation

Question 9 of 15

If a homeowner has a loan for $185,000 at 6.5% interest, how much does the homeowner pay in interest each month?

Select one of the following:

Explanation

Question 10 of 15

Solve for the amount of monthly interest that is owed on an interest-only loan based on the following facts: Loan amount $115,000, annual interest rate of 7%?

Select one of the following:

Explanation

Question 11 of 15

The lender agreed to a loan based on an 90% LTV. If the contract price was $187,000, what is the down payment amount?

Select one of the following:

Explanation

Question 12 of 15

The lender agreed to a loan based on an 85% LTV. If the contract price was $225,000, what is the loan amount?

Select one of the following:

Explanation

Question 13 of 15

The lender agreed to a loan based on an 85% LTV. If the contract price was $220,000 and the appraised value was $215,000, what is the down payment amount?

Select one of the following:

Explanation

Question 14 of 15

If a buyer agrees to a contract price of $279,000 for a home and the appraised value is $274,000, what would the loan amount be at 85 LTV%?

Select one of the following:

Explanation

Question 15 of 15

If Jessica purchases a property for $290,000, and borrows $200,000 she is said to have a LTV ratio of….?

Select one of the following:

Explanation

Sales associate Shirley and her broker agree to split commissions on a
60/40 basis, respectively(associate, 60%; broker, 40%). How much
commission will the sales associate earn if she lists and sells (both sides of
the deal) the property for $240,000 and the listing commission was 7%?

Jerry is a sales agent at Ready Realty and enjoys an 80/20 split with
his broker (Jerry receives 80%). Recently Jerry closed on a $375,000
deal where he only represented the buyer. If the property was listed
at 6%, what was Jerry’s commission?

A sales associate and a broker and split commission on a 70/30 basis,
respectively. How much commission will the broker receive if his
brokerage represents both sides, the home sells for $230,000 and the
listing commission rate is 7%?

The borrower is applying for a home loan of $225,000. If the lender charges an origination fee of 1%,
how much will the origination fee be?

If a homeowner has a loan for $360,000 at 5% interest, how much does the homeowner pay
in interest each month?

If a homeowner has a loan for $185,000 at 6.5% interest, how much does the homeowner
pay in interest each month?

The lender agreed to a loan based on an 90% LTV. If the contract price was
$187,000, what is the down payment amount?

The lender agreed to a loan based on an 85% LTV. If the contract price was
$225,000, what is the loan amount?

The lender agreed to a loan based on an 85% LTV. If the contract price was
$220,000 and the appraised value was $215,000, what is the down payment amount?

If a buyer agrees to a contract price of $279,000 for a home and the appraised value
is $274,000, what would the loan amount be at 85 LTV%?