National Real Estate Exam Quiz: Calculate Commission
20 questions · exam conditions
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Calculate CommissionQuestion 1 of 20

A $1,200,000 condo uses tiered commission; total split 50/50, and agent gets 65% of their broker. Agent earns?

Total = $46,000; $46,000 \times 65% = $29,900
Total = $46,000; broker = $46,000 \div 2 = $23,000; agent = $23,000 \times 65% = $14,950
Total = $48,000; broker = $24,000; agent = $24,000 \times 65% = $15,600
Total = $60,000; broker = $30,000; agent = $30,000 \times 65% = $19,500
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National Real Estate Exam Quiz

National Real Estate Exam Quiz: Calculate Commission

Practice Calculate Commission in National Real Estate Exam with focused quiz questions that help you check what you know, review explanations, and build confidence with test-style prompts.

What this quiz covers

This quiz focuses on Calculate Commission, giving you a quick way to practice the rules, question types, and explanations that matter most for National Real Estate Exam.

How to use this quiz

Try each quiz question before looking at the correct answer. Use the explanations to review missed ideas, then come back to similar questions until the pattern feels familiar.

All questions

Question 1

A $1,200,000 condo uses tiered commission; total split 50/50, and agent gets 65% of their broker. Agent earns?

  1. Total = $46,000; $46,000 \times 65% = $29,900
  2. Total = $46,000; broker = $46,000 \div 2 = $23,000; agent = $23,000 \times 65% = $14,950 (correct answer)
  3. Total = $48,000; broker = $24,000; agent = $24,000 \times 65% = $15,600
  4. Total = $60,000; broker = $30,000; agent = $30,000 \times 65% = $19,500
Explanation: This question tests the ability to calculate agent's earnings in a multi-level split with tiered commissions. Understanding requires sequencing total, broker split, then agent's percentage. In this scenario, $46,000 split to $23,000 per broker, agent 65% of $23,000 is $14,950. For example, agent's share is from their broker's portion. Choice B is correct because it follows the proper sequence to $14,950. Choice A is incorrect as it applies 65% to total. Teaching strategies include layered examples and step verification.

Question 2

A small business sells for $500,000 with a flat $30,000 commission; split 50/50 between brokers. Each broker receives?

  1. $500,000 \times 6% = $30,000; each = $15,000
  2. Flat commission = $30,000; $30,000 \div 2 = $15,000 (correct answer)
  3. Flat commission = $30,000; $30,000 \div 3 = $10,000
  4. Flat commission = $30,000; $30,000 \times 50% = $30,000
Explanation: This question tests the ability to split flat commissions in business sales. Understanding flat fees involves direct division without percentage calculations. In this scenario, $30,000 flat split 50/50 gives $15,000 each. For example, flat means fixed amount. Choice B is correct because it divides $30,000 by 2 accurately. Choice A is incorrect as it unnecessarily computes a percentage. Teaching strategies include distinguishing flat from percentage and practicing divisions.

Question 3

A $1,200,000 condo pays tiered commission; selling broker gets 45% of total. Selling broker's commission is?

  1. Total = $46,000; $46,000 \times 55% = $25,300
  2. Total = $46,000; $46,000 \times 45% = $20,700 (correct answer)
  3. Total = $48,000; $48,000 \times 45% = $21,600
  4. Total = $60,000; $60,000 \times 45% = $27,000
Explanation: This question tests the ability to compute a selling broker's uneven share in tiered commissions. Understanding involves total commission calculation followed by percentage application. In this scenario, $46,000 total with 45% for selling broker is $20,700. For example, shares add to 100%. Choice B is correct because it applies 45% to the correct $46,000 total. Choice A is incorrect as it uses 55% instead. Teaching strategies include verifying share percentages sum to 100% and cross-checking calculations.

Question 4

A $350,000 home sells at 6%; brokers split evenly, and listing agent receives 60% of listing broker. Agent earns?

  1. $350,000 \times 6% = $21,000; $21,000 \div 2 = $10,500; $10,500 \times 60% = $6,300 (correct answer)
  2. $350,000 \times 6% = $21,000; $21,000 \times 60% = $12,600
  3. $350,000 \times 3% = $10,500; $10,500 \times 60% = $6,300
  4. $350,000 \times 6% = $2,100; $2,100 \div 2 = $1,050; $1,050 \times 60% = $630
Explanation: This question tests the ability to calculate an agent's earnings from their broker's share. Understanding involves computing total commission, broker split, and then agent's percentage. In this scenario, $21,000 total split to $10,500 for listing broker, with agent getting 60% or $6,300. For example, the agent's share is based on the broker's portion. Choice A is correct because it sequences the calculations properly to $6,300. Choice B is incorrect as it applies 60% to the total commission. Teaching strategies include using flowcharts for multi-step commissions and verifying intermediate totals.

Question 5

A $1,200,000 condo uses tiered commission; 5% first $500,000 and 3% remainder. Commission on remainder equals?

  1. $500,000 \times 3% = $15,000
  2. $700,000 \times 5% = $35,000
  3. $1,200,000 \times 3% = $36,000
  4. $700,000 \times 3% = $21,000 (correct answer)
Explanation: This question tests the ability to isolate commission on the remainder in a tiered structure. Understanding requires identifying the remainder and applying the specified rate. In this scenario, the remainder is $700,000 at 3%, equaling $21,000. For example, only the amount above $500,000 uses the lower rate. Choice D is correct because it accurately calculates 3% of $700,000 as $21,000. Choice B is incorrect as it applies 5% to the remainder. Teaching strategies include separating tiers clearly and verifying against total commission.

Question 6

A $1,200,000 condo pays tiered commission; 5% first $500,000 and 3% remainder. First-tier commission equals?

  1. $500,000 \times 5% = $25,000 (correct answer)
  2. $500,000 \times 3% = $15,000
  3. $1,200,000 \times 5% = $60,000
  4. $700,000 \times 5% = $35,000
Explanation: This question tests the ability to compute the first-tier portion of a tiered commission. Understanding involves applying the rate only to the specified initial amount. In this scenario, 5% on first $500,000 equals $25,000. For example, tiers are independent. Choice A is correct because it accurately calculates 5% of $500,000. Choice B is incorrect as it uses the wrong rate of 3%. Teaching strategies include isolating each tier and adding for totals.

Question 7

A property sells for $540,000 with a 5% commission. The commission is split 50/50 between listing and selling brokerages, and each agent receives 80% of their brokerage's share. How much does the listing agent earn?

  1. $10,800 (correct answer)
  2. $13,500
  3. $16,200
  4. $21,600
Explanation: Total commission = $540,000 × 0.05 = $27,000. Listing brokerage share = $27,000 ÷ 2 = $13,500. Listing agent's share = $13,500 × 0.80 = 10,800.ChoiceB(10,800. Choice B (13,500) is the brokerage's full share before the agent split. Choice C (16,200)usesanincorrectagentsplitpercentage.ChoiceD(16,200) uses an incorrect agent split percentage. Choice D (21,600) uses an incorrect calculation method.

Question 8

An agent's commission split with their broker is 70/30, with the agent receiving the larger portion. If the total commission earned by the brokerage on a sale was $18,600, how much does the agent receive?

  1. $5,580
  2. $9,300
  3. $13,020 (correct answer)
  4. $15,480
Explanation: The agent receives 70% of the brokerage's $18,600 commission: $18,600 × 0.70 = 13,020.ChoiceA(13,020. Choice A (5,580) incorrectly uses 30% (the broker's share). Choice B (9,300)uses509,300) uses 50% instead of 70%. Choice D (15,480) uses an incorrect percentage calculation.

Question 9

A home sells for $725,000 with a 5% total commission split equally between listing and selling brokerages. If the listing agent receives 85% of their brokerage's share, what does the listing agent earn?

  1. $15,406.25 (correct answer)
  2. $18,125.00
  3. $21,875.00
  4. $30,812.50
Explanation: Total commission = $725,000 × 0.05 = $36,250. Listing brokerage share = $36,250 ÷ 2 = $18,125. Listing agent's share = $18,125 × 0.85 = 15,406.25.ChoiceB(15,406.25. Choice B (18,125.00) is the brokerage's full share before agent split. Choice C (21,875.00)usesanincorrectagentsplitcalculation.ChoiceD(21,875.00) uses an incorrect agent split calculation. Choice D (30,812.50) uses 85% of the total commission incorrectly.

Question 10

A property sells for $315,000 with a 5.5% commission. After paying a $2,000 marketing fee, the remaining commission is split equally between listing and selling brokerages. How much does the listing brokerage receive?

  1. $7,662.50 (correct answer)
  2. $8,662.50
  3. $15,325.00
  4. $17,325.00
Explanation: Total commission = $315,000 × 0.055 = $17,325. After marketing fee = $17,325 - $2,000 = $15,325. Listing brokerage share = $15,325 ÷ 2 = 7,662.50.ChoiceB(7,662.50. Choice B (8,662.50) incorrectly calculates the marketing fee deduction. Choice C (15,325.00)isthetotalaftermarketingfeebutbeforethesplit.ChoiceD(15,325.00) is the total after marketing fee but before the split. Choice D (17,325.00) is the total commission before marketing fee.

Question 11

An agent receives a 60% split of the commission earned by their brokerage. If the brokerage earned $15,000 on a transaction, how much does the agent receive?

  1. $6,000
  2. $9,000 (correct answer)
  3. $12,000
  4. $25,000
Explanation: The agent receives 60% of the brokerage's $15,000 commission: $15,000 × 0.60 = 9,000.ChoiceA(9,000. Choice A (6,000) incorrectly uses 40% (100% - 60%). Choice C (12,000)uses8012,000) uses 80% instead of 60%. Choice D (25,000) incorrectly adds the split percentage to the commission.

Question 12

A property sells for $485,000. The listing agreement specifies a 6% commission with the following split: 3.2% to listing brokerage and 2.8% to selling brokerage. How much more does the listing brokerage earn than the selling brokerage?

  1. $1,455
  2. $1,940 (correct answer)
  3. $2,425
  4. $2,910
Explanation: Listing commission = $485,000 × 0.032 = $15,520. Selling commission = $485,000 × 0.028 = $13,580. Difference = $15,520 - $13,580 = 1,940.ChoiceA(1,940. Choice A (1,455) uses incorrect commission rate calculations. Choice C (2,425)useswrongpercentagesplits.ChoiceD(2,425) uses wrong percentage splits. Choice D (2,910) uses an incorrect difference calculation method.

Question 13

A selling agent receives 72% of their brokerage's commission and earned $12,960 on a transaction. If the total commission was 6% split equally between listing and selling sides, what was the sale price?

  1. $600,000 (correct answer)
  2. $650,000
  3. $720,000
  4. $780,000
Explanation: Selling brokerage commission = $12,960 ÷ 0.72 = $18,000. This represents 3% of the sale price (half of 6%). Sale price = $18,000 ÷ 0.03 = 600,000.ChoiceB(600,000. Choice B (650,000) uses an incorrect commission rate calculation. Choice C (720,000)useswrongpercentagedivisions.ChoiceD(720,000) uses wrong percentage divisions. Choice D (780,000) uses an incorrect calculation method.

Question 14

A $500,000 business sale pays flat $30,000 commission; listing broker gets 40% and selling broker 60%. Selling broker receives?

  1. $30,000 \times 40% = $12,000
  2. $30,000 \times 60% = $18,000 (correct answer)
  3. $30,000 \div 2 = $15,000
  4. $500,000 \times 6% = $30,000; selling broker = $15,000
Explanation: This question tests the ability to allocate uneven broker shares in flat commissions. Understanding requires applying percentages to the total flat fee. In this scenario, selling broker gets 60% of $30,000, equaling $18,000. For example, uneven reflects negotiation. Choice B is correct because it computes 60% of $30,000. Choice A is incorrect as it uses 40%. Teaching strategies include percentage allocations and summing checks.

Question 15

A $350,000 residential closing pays 6% commission; brokers split 50/50. Selling broker's commission is?

  1. $350,000 \times 5% = $17,500; $17,500 \div 2 = $8,750
  2. $350,000 \times 6% = $21,000; $21,000 \div 2 = $10,500 (correct answer)
  3. $350,000 \times 6% = $21,000; $21,000 \div 3 = $7,000
  4. $350,000 \times 0.6% = $2,100; $2,100 \div 2 = $1,050
Explanation: This question tests the ability to determine a selling broker's commission in a 50/50 split. Understanding these calculations requires applying the full rate first and then splitting the total. In this scenario, 6% of $350,000 is $21,000, split to $10,500 for the selling broker. For example, the split is equal, so each gets half. Choice B is correct because it computes the total commission and divides by 2 correctly. Choice A is incorrect as it uses a 5% rate without justification. Teaching strategies include practicing with different rates and splits, and double-checking arithmetic for errors.

Question 16

Two agents co-list a property that sells for $920,000 with a 6% total commission. The listing side receives 3% and the two listing agents split this equally. How much does each listing agent receive if they each have a 75% split with their broker?

  1. $10,350 (correct answer)
  2. $13,800
  3. $20,700
  4. $27,600
Explanation: Listing side commission = $920,000 × 0.03 = $27,600. Each agent's share before broker split = $27,600 ÷ 2 = $13,800. Each agent receives = $13,800 × 0.75 = 10,350.ChoiceB(10,350. Choice B (13,800) is each agent's share before the broker split. Choice C (20,700)usesanincorrectsplitcalculation.ChoiceD(20,700) uses an incorrect split calculation. Choice D (27,600) is the total listing side commission.

Question 17

A property sells for $650,000 with a 5.5% total commission. The commission is divided as follows: listing brokerage 2.75%, selling brokerage 2.75%. If the selling agent receives 65% of their brokerage's commission, how much does the selling agent earn?

  1. $11,618.75 (correct answer)
  2. $17,875.00
  3. $23,212.50
  4. $35,750.00
Explanation: Selling brokerage commission = $650,000 × 0.0275 = $17,875. Selling agent's share = $17,875 × 0.65 = 11,618.75.ChoiceB(11,618.75. Choice B (17,875.00) is the brokerage's full commission before the agent split. Choice C (23,212.50)usesanincorrectagentsplitpercentage.ChoiceD(23,212.50) uses an incorrect agent split percentage. Choice D (35,750.00) is the total commission for both sides.

Question 18

A broker received a total commission of $21,000 on a sale and paid the agent $14,700. What percentage split does the agent receive?

  1. 65%
  2. 70% (correct answer)
  3. 75%
  4. 80%
Explanation: Agent's percentage = $14,700 ÷ $21,000 = 0.70 or 70%. Choice A (65%) would result in $13,650 agent commission. Choice C (75%) would result in $15,750 agent commission. Choice D (80%) would result in $16,800 agent commission.

Question 19

A $10,000 monthly lease pays 4% annual commission; listing broker keeps 70% and pays agent 30%. Agent receives?

  1. Annual = $120,000; commission = $4,800; agent = $4,800 \times 30% = $1,440 (correct answer)
  2. Annual = $120,000; commission = $4,800; agent = $4,800 \times 70% = $3,360
  3. Monthly commission = $400; agent = $400 \times 30% = $120
  4. Annual = $120,000; commission = $120,000 \div 4 = $30,000; agent = $9,000
Explanation: This question tests the ability to calculate agent's earnings when broker keeps a portion. Understanding requires applying agent's percentage to total commission. In this scenario, $4,800 total with agent at 30% is $1,440. For example, broker keeps 70%, agent gets 30%. Choice A is correct because it computes 30% of $4,800 correctly. Choice B is incorrect as it calculates broker's share instead. Teaching strategies include role distinctions and percentage checks.

Question 20

A $350,000 home sells at 6% commission; split evenly between brokers. Listing broker receives how much?

  1. $350,000 \times 6% = $21,000; listing broker = $21,000 \div 2 = $10,500 (correct answer)
  2. $350,000 \times 6% = $21,000; listing broker = $21,000 \times 60% = $12,600
  3. $350,000 \times 3% = $10,500; listing broker = $10,500 \div 2 = $5,250
  4. $300,000 \times 6% = $18,000; listing broker = $18,000 \div 2 = $9,000
Explanation: This question tests the ability to calculate a listing broker's share in an even commission split. Understanding commission calculations involves computing the total and then dividing equally between brokers. In this scenario, 6% of $350,000 is $21,000 total, split evenly to $10,500 for the listing broker. For example, the even split ensures each broker gets half. Choice A is correct because it accurately calculates the total and divides by 2 for the listing broker's $10,500. Choice B is incorrect as it arbitrarily applies 60% to the total without basis. Teaching strategies include emphasizing even splits and checking against the total commission to ensure accuracy.