California Real Estate Mathematics Practice Updated Exam
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1. A property sells for $450,000. The buyer makes a 20% down
payment. What is the loan amount?
A. $90,000
B. $270,000
C. $360,000
D. $400,000
Answer: C. $360,000
The down payment is 20% of $450,000, which equals $90,000.
Subtracting the down payment from the purchase price gives $450,000
− $90,000 = $360,000, which is the mortgage loan amount.
2. A real estate salesperson earns a 5% commission on a $600,000 sale.
How much is the commission?
,A. $15,000
B. $20,000
C. $30,000
D. $35,000
Answer: C. $30,000
Commission is calculated by multiplying the sales price by the
commission rate. $600,000 × 0.05 = $30,000.
3. A home is purchased for $525,000 and later sold for $575,000. What
is the amount of appreciation?
A. $25,000
B. $40,000
C. $50,000
D. $75,000
Answer: C. $50,000
Appreciation is the increase in value. The calculation is $575,000 −
$525,000 = $50,000.
,4. A broker receives a $24,000 commission and keeps 40% while paying
the salesperson 60%. How much does the salesperson receive?
A. $8,400
B. $12,000
C. $14,400
D. $16,000
Answer: C. $14,400
The salesperson receives 60% of the commission. $24,000 × 0.60 =
$14,400.
5. A property owner owes $3,600 in annual property taxes. What is the
monthly tax amount?
A. $200
B. $250
C. $300
D. $350
Answer: C. $300
, Annual expenses are divided by 12 months. $3,600 ÷ 12 = $300 per
month.
6. A property has a market value of $800,000 and an assessed value
equal to 80% of market value. What is the assessed value?
A. $500,000
B. $600,000
C. $640,000
D. $700,000
Answer: C. $640,000
The assessed value is calculated by multiplying market value by the
assessment percentage. $800,000 × 0.80 = $640,000.
7. A buyer purchases a property for $700,000 with a $140,000 down
payment. What is the loan-to-value ratio?
A. 60%
B. 70%
C. 80%
D. 90%
2026 WITH Recent Newest Verified And Well Analyzed Exam
Questions (Actual Exam 2026-2027) Correct Detailed &
Verified ANSWERS (100% Accurate Solutions) ALREADY
GRADED A+||NEWEST VERSION Of The Exam Guarantee
Pass!!|INSTANT DOWNLOAD PDF
1. A property sells for $450,000. The buyer makes a 20% down
payment. What is the loan amount?
A. $90,000
B. $270,000
C. $360,000
D. $400,000
Answer: C. $360,000
The down payment is 20% of $450,000, which equals $90,000.
Subtracting the down payment from the purchase price gives $450,000
− $90,000 = $360,000, which is the mortgage loan amount.
2. A real estate salesperson earns a 5% commission on a $600,000 sale.
How much is the commission?
,A. $15,000
B. $20,000
C. $30,000
D. $35,000
Answer: C. $30,000
Commission is calculated by multiplying the sales price by the
commission rate. $600,000 × 0.05 = $30,000.
3. A home is purchased for $525,000 and later sold for $575,000. What
is the amount of appreciation?
A. $25,000
B. $40,000
C. $50,000
D. $75,000
Answer: C. $50,000
Appreciation is the increase in value. The calculation is $575,000 −
$525,000 = $50,000.
,4. A broker receives a $24,000 commission and keeps 40% while paying
the salesperson 60%. How much does the salesperson receive?
A. $8,400
B. $12,000
C. $14,400
D. $16,000
Answer: C. $14,400
The salesperson receives 60% of the commission. $24,000 × 0.60 =
$14,400.
5. A property owner owes $3,600 in annual property taxes. What is the
monthly tax amount?
A. $200
B. $250
C. $300
D. $350
Answer: C. $300
, Annual expenses are divided by 12 months. $3,600 ÷ 12 = $300 per
month.
6. A property has a market value of $800,000 and an assessed value
equal to 80% of market value. What is the assessed value?
A. $500,000
B. $600,000
C. $640,000
D. $700,000
Answer: C. $640,000
The assessed value is calculated by multiplying market value by the
assessment percentage. $800,000 × 0.80 = $640,000.
7. A buyer purchases a property for $700,000 with a $140,000 down
payment. What is the loan-to-value ratio?
A. 60%
B. 70%
C. 80%
D. 90%
