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Real Estate Prep.meQ 14 / 100Jane Smith

Progress13 answered · 1 skipped

Question 14Ch.18 · Commission Math

A home sells for $450,000. The 6% commission is split 50/50 between the listing and selling firms. How much does the selling firm receive?

A$27,000

B$13,500

C$12,150

D$6,750

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Real Estate Prep.meResults

86Correct

11Wrong

3Skipped

86%Score

Q 37Ch.12 · Financing

A buyer borrows $320,000 on a $400,000 home. What is the loan-to-value ratio?

✗ Your answer: 125%

✓ Correct: 80%

Why: LTV = loan ÷ value = $320,000 ÷ $400,000 = 0.80, or 80%. Put the smaller number (the loan) on top.

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