Lease Rent Calculation and More -Study Guide with Solutions

Lease Rent Calculation and More -Study
Guide with Solutions
Tax Requirement - ANSWER Tax requirement = Tax base x Rate


Commission Splits - ANSWER Determines earnings for each licensee in a sale


Total Commission - ANSWER Sale price x Commission rate


Co-brokerage Split - ANSWER Total commission x brokerage percent


Agent Commission - ANSWER Brokerage percent x Agent percent




Broker Commission - ANSWER Brokerage percent - Agent payment


Seller's Net - ANSWER Seller's profit after sale expenses


Minimum Listing Price - ANSWER Lowest price covering expenses and desired profit


Percentage Lease - ANSWER Landlord receives % of sales/profits as rent payment


Monthly Percentage Rent - ANSWER Rent = Sales x Percent Sales charged


Rent Escalations - ANSWER New rent = current rent x (100% + escalation rate)