Hawaii Real Estate Salesperson Exam — All Questions

A home sells for $340,000 with a total commission of 6%. The listing brokerage receives 50% of the total commission, and the listing agent receives 60% of the listing brokerage's share. How much does the listing agent earn?

• a.$10,200
• b.$20,400
• c.$6,120✓
• d.$4,080

First find the total commission: $340,000 x 6% = $20,400. The listing brokerage's share is 50%: $20,400 x 0.50 = $10,200. The listing agent then receives 60% of that: $10,200 x 0.60 = $6,120. The $20,400 figure is the total commission and $10,200 is the brokerage's full share, not the agent's; $4,080 mistakenly takes 40% instead of 60%.

A seller wants to net $200,000 from a sale after paying a 6% commission (and no other costs). Rounded to the nearest dollar, what must the sale price be?

• a.$212,766✓
• b.$212,000
• c.$188,000
• d.$200,600

After a 6% commission the seller keeps 94% of the sale price, so Sale Price x 0.94 = $200,000, giving Sale Price = $200,000 / 0.94 = $212,765.96, which rounds to $212,766. A common error is to add 6% to $200,000 (getting $212,000), but you cannot simply add the rate back because the commission is charged on the higher sale price, not on the net.

A rectangular parcel measures 200 feet by 217.8 feet. Given that one acre equals 43,560 square feet, how many acres does the parcel contain?

• a.0.5 acre
• b.1 acre✓
• c.2 acres
• d.1.5 acres

Area = length x width = 200 ft x 217.8 ft = 43,560 square feet. Since one acre is exactly 43,560 square feet, the parcel is 43,560 / 43,560 = 1 acre. The other answers result from dividing or multiplying the area incorrectly; memorizing that an acre equals 43,560 square feet makes this a one-step conversion.