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Real Estate Mathematics Flashcards

6 cards from real CA REAL ESTATE practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.

Read the first 6 Real Estate Mathematics flashcards as text

  1. A property sells for $450,000 and the commission rate is 6%. How much commission is earned?

    Answer: $27,000

    $450,000 × 0.06 = $27,000 total commission.

  2. If a listing broker and selling broker split the 6% commission equally, how much does each receive on a $350,000 sale?

    Answer: $10,500

    $350,000 × 0.06 = $21,000 total commission; split equally = $10,500 each.

  3. A lot measures 150 feet by 200 feet. How many square feet does it contain?

    Answer: 30,000 sq ft

    150 × 200 = 30,000 square feet.

  4. How many acres are in a parcel that measures 660 feet by 660 feet?

    Answer: 10 acres

    660 × 660 = 435,600 sq ft; 435,600 ÷ 43,560 = 10 acres.

  5. A property was purchased for $300,000 and sold for $360,000. What is the percentage of profit?

    Answer: 20%

    Profit = $60,000; $60,000 ÷ $300,000 = 0.20 = 20%.

  6. A seller nets $280,000 after paying a 5% commission. What was the sale price?

    Answer: $294,737

    Net = Sale Price × (1 − 0.05); $280,000 ÷ 0.95 = $294,736.84, rounded to $294,737.