WASHINGTON REAL ESTATE FUNDAMENTALS ROCKWELL FINAL STUDY SHEET 2026 QUESTIONS SOLUTIONS GRADED A+

WASHINGTON REAL ESTATE
FUNDAMENTALS ROCKWELL FINAL
STUDY SHEET 2026 QUESTIONS SOLUTIONS
GRADED A+

⩥ The brokerage's Commission is 7% of the sales price. What is the
commission if the property sells for $30.50 per square foot and its
dimensions are 200' by 175'?


C. $74,725


200 x 175 = 35,000
.07 x $1,067,500 = $74,725.
Answer:


⩥ A mortgage loan is 80% of the sales price. The loans interest rate is
9%, and the borrower makes semi-annual interest payments of $6750.
What is the sales price?


C. $187,500


$6,750 x 2 = $13,500

, $13,500/.09 = $150,000
150,000/.80 = $187,500.
Answer:


⩥ A property recently sold for $90,000. It is assessed at 25% of its value.
What will the tax be if the tax rate is $5.50 per $100 of assessed
valuation?


D. $1237.50


P = .25 x $90,000
P = $22,500


$22,500 x .055 = $1237.50.
Answer:


⩥ The asking price is $145,000. The property sells for $130,000. The
Commission is 6%. 60% of the commission goes to the brokerage and
40% goes to the broker. How much did the broker receive?


C. $3,120


P = .06 x $130,000