Wisconsin Real Estate Sales Practice Exam

Disable ads (and more) with a membership for a one time $2.99 payment

Prepare for the Wisconsin Real Estate Sales Exam with comprehensive study resources. Access multiple choice questions and explanations. Get ready to succeed in your test!

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

Practice this question and more.

What is the net amount the seller receives after paying the listing broker a 10% commission on a property sold for $100,000?

$90,000
$80,000
$10,000
$70,000

The correct answer is: $90,000

To determine the net amount the seller receives after paying a 10% commission on a property sold for $100,000, you first need to calculate the commission amount. The commission is calculated as follows: 10% of $100,000 equals $10,000. Next, you subtract the commission from the sale price to find out the net amount received by the seller: $100,000 (sale price) - $10,000 (commission) = $90,000. Therefore, the net amount the seller receives after paying the commission is indeed $90,000. This calculation highlights the importance of understanding how commission percentages work when determining the proceeds from a sale.