David Saks: October 2008

David Saks - Real Estate Broker - The Real Estate Mart of Tennessee, Inc. - 4040 North Watkins-Suite #4 - Memphis, Tennessee 38127 - Phone (901) 357-4663

Real Estate Math Class : Lesson 86

                                                        math

A property manager receives half of the first month's rent when he leases an apartment and an additional 5% of each month's rent thereafter for collecting the rent of 850 dollars a month.

How much is his total commission after 18 months ?

wildlife

 

A. $1147.50

The first month is 850 divided by two which equals 425 dollars for the first month.

The next seventeen months are 5% of 850 times 17

5% of 850 is $42.50 and 17 times $42.50 is $722.50.

$722.50 plus $425 equals $1147.50




David Saks



Time&Temp Memphis

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Comment balloon 0 commentsDavid Saks • October 25 2008 12:12AM
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