Pennsylvania Real Estate Salesperson Exam — All Questions

A property sells for $320,000. The total commission is 6%, split evenly between the listing and selling brokerages. How much does the listing brokerage receive?

• a.$19,200
• b.$6,400
• c.$9,600✓
• d.$12,800

Total commission is 6% of $320,000, which equals $19,200. Split evenly, each brokerage receives half: $19,200 divided by 2 equals $9,600. The listing brokerage therefore receives $9,600 before any further split with its agent.

A buyer purchases a home for $250,000 and makes a 20% down payment. What is the amount of the loan?

• a.$200,000✓
• b.$50,000
• c.$230,000
• d.$210,000

A 20% down payment on $250,000 equals $50,000. The loan is the price minus the down payment: $250,000 minus $50,000 equals $200,000. The remaining 80% of the price is financed.