Real Estate Math – Florida Salesperson Exam Prep
Master the essential real estate math concepts tested on the Florida Real Estate Salesperson Exam. This deck covers commission calculations, property valuation, mortgage math, proration, and area calculations with 35 targeted flashcards designed to build exam-ready skills.
Or subscribe for $9.99/mo and study anything
Study Modes
Preview Questions
Question 1
A property sells for $285,000. The total commission rate is 6%, and the listing broker splits it 50/50 with the selling broker. The selling broker then pays their salesperson 60% of their share. How much does the salesperson earn?
Answer
$5,130. Total commission = $285,000 × 6% = $17,100. Each broker's share = $8,550. Salesperson's share = $8,550 × 60% = $5,130.
Question 2
A seller wants to net $210,000 after paying a 7% commission. What must the property sell for?
Answer
$225,806 (rounded). Use the formula: Net ÷ (1 – commission rate) = $210,000 ÷ 0.93 ≈ $225,806.
Question 3
A salesperson earned $9,450 on a transaction where her commission rate was 3% of the sale price. What was the sale price of the property?
Answer
$315,000. Use Part ÷ Rate = Total: $9,450 ÷ 0.03 = $315,000.
Question 4
A listing agreement calls for a 5.5% commission on the first $200,000 and 3% on any amount above that. If the property sells for $350,000, what is the total commission?
Answer
$15,500. Commission on first $200,000 = $11,000; commission on remaining $150,000 = $4,500; total = $15,500.
Question 5
A broker receives a 6% commission on a sale and pays her salesperson 45% of that commission. The salesperson receives $7,290. What was the sale price of the property?
Answer
$270,000. Salesperson share = broker commission × 45%; $7,290 ÷ 0.45 = $16,200 (broker commission); $16,200 ÷ 0.06 = $270,000.
Related Study Decks
Fair Housing Laws – Florida Real Estate Salesperson Exam
22 cards
Florida Real Estate Contracts & Closings
33 cards
Florida Real Estate Exam: Financing & Mortgages
30 cards
Florida Real Estate Law – Salesperson Exam Prep
30 cards
Florida Real Estate License Requirements
25 cards
Florida Real Estate Salesperson Exam — Complete Bundle
0 cards
Ready to pass your exam?
Join thousands of students using Prepdex to study smarter, not harder.
Start Studying FreeOr subscribe for $9.99/mo and study anything