Real Estate Math

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?

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%?

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?

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?

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?

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?

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%?

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%?

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