18 — Q
UALIFIER
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LUS
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Figuring Straight Percent Commission
The commission for the listing office is 3%. If the property sells for
$157,900, what is the listing office’s commission?
STEPS
KEYSTROKES
DISPLAY
Clear calculator
o o
0.00
Enter sales price
1 5 7 9 0 0
157,900.
Multiply by commission %
x 3 % =
4,737.00
— DO NOT CLEAR CALCULATOR —
What if the listing agent works on a 50/50 split with his or her bro-
ker? What is the listing agent’s share of this commission?
STEPS
KEYSTROKES
DISPLAY
Multiply by 50%
x 5 0 % =
2,368.50
Reduction in Listing Price (Discount %)
A nervous seller has had her property on the market for just over
four months listed at $175,500. Because she is anxious to move into
a new home, she wishes to reduce the listing price by 5%. Calculate
both the amount of reduction in dollars and the new, lowered listing
price.
STEPS
KEYSTROKES
DISPLAY
Clear calculator
o o
0.00
Enter sales price
1 7 5 5 0 0
175,500.
Subtract 5%
– 5 %
8,775.00
Find new listing price
=
166,725.00
Simple, 1-Year Home Appreciation (Add-on %)
Properties in your area have been going up in value about 6% per
year. If you purchase a $198,000 home today, what would it be
worth in one year, assuming the same rate of appreciation continues?
STEPS
KEYSTROKES
DISPLAY
Clear calculator
o o
0.00
Enter current value
1 9 8 )
198,000.
Add 6%
+ 6 %
11,880.00
Find appreciated value
=
209,880.00
Note: See page 37 for another example of future value or appreciation.
