Commission = Sale Price × Commission Rate
If the total commission is split, calculate the gross commission first, then apply the broker or agent split.
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Real Estate Exam Formula Cheat Sheet
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Commission Calculations
Sale Price = Commission / Commission Rate
Useful when the question gives you the commission amount and asks for the property price.
Loan-to-Value and Down Payment
Loan Amount = Property Value × LTV
Always convert the percentage into decimal form before multiplying.
Down Payment = Purchase Price − Loan Amount
A common exam variation is to ask for the buyer's cash contribution after the LTV has been calculated.
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Value = Net Operating Income / Capitalization Rate
Cap rate questions often hide the NOI in the wording, so isolate income after expenses before calculating value.
Gross Rent Multiplier = Property Price / Gross Annual Rent
Use gross rent, not net rent, unless the question explicitly says otherwise.
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Assessed Value = Market Value × Assessment Ratio
Then apply the tax rate or mill rate to the assessed value, not the market value.
Tax = Assessed Value × Tax Rate
When mill rate is used, divide the mills by 1,000 first.
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