Real Estate Math

Florida Real Estate Math Exam: Florida Real Estate Salesperson Last Updated: June 2026 --- ## Overview Math questions account for approximately 10–15% of the Florida real estate salesperson exam. Mastering a handful of formulas and Florida-specific tax rates will give you a significant scoring advantage. The calculator on the exam is simple — focus on setting up the problem correctly. --- ## Commission Calculations ### Basic Commission Formula > Commission = Sale Price × Commission Rate Example 1: - Sale price: $350,000 - Commission rate: 6% - Commission = $350,000 × 0.06 = $21,000 ### Split Commissions When a listing broker and selling broker co-op, each receives a share. The listing broker then pays their sales associate per an agreed split. Example 2: - Sale price: $400,000 | Commission: 6% = $24,000 - Listing broker / selling broker split: 50/50 → each receives $12,000 - Listing sales associate split with broker: 70/30 → associate receives $12,000 × 0.70 = $8,400 ### Working Backwards from Commission Example 3 — Find sale price: - Commission received: $15,000 at 5% - Sale price = $15,000 ÷ 0.05 = $300,000 > Exam Tip: The three-part commission formula: Commission = Price × Rate. If you know any two, solve for the third. Price = Commission ÷ Rate. Rate = Commission ÷ Price. --- ## Florida Transfer Taxes Florida imposes documentary stamp taxes and intangible taxes at closing. These are among the most commonly tested math items on the Florida exam. ### Documentary Stamp Tax on the Deed - Rate: $0.70 per $100 (or fraction thereof) of the consideration (sale price) - Paid by: Seller (by custom; parties may negotiate otherwise) - Also called: "Doc…