Pass TexasCosts can include payoff, commission, title, recording, fixed costs, and percent costs.
Printable cheat sheet
Texas seller net and required sale price cheat sheet
Built for Texas sales agent exam prep. Keep payoff, commission, title, recording, and percentage costs in the right bucket before solving forward or backward.
Reviewed August 30, 2026 · TREC Form 20-19 · TDI rates effective March 1, 2026
Use only the rate given in the stem. Rates are negotiable.
Treat the entered title, recording, and settlement figures as fixed in the worksheet. Recheck a title premium if the solved policy amount changes.
Equity is not seller net because selling costs still have to come out.
Percentage costs rise as the solved price rises.
The best reverse check is to run the forward seller-net formula.
The exam setup rule
- Name the final ask: seller net, equity, or required sale price.
- Separate payoff from selling costs.
- Calculate percentage costs from the sale price.
- Add fixed dollar costs such as title insurance, recording, and settlement.
- For required price, solve backward and then plug the price forward.
Five worked examples
Commission is $25,500. Net is $425,000 - $298,000 - $25,500 - $3,200 = $98,300.
Title, recording, and settlement are fixed dollar amounts; only commission and percent costs scale with price.
Equity is $127,000 before commission, title, recording, and selling costs.
With $298,000 payoff, $3,200 fixed costs, 6% commission, and 1% seller costs, solve for the price high enough to cover the percent costs that grow with price. Round up to whole dollars if choices are whole dollars.
Run the forward seller-net formula. If net is below target, the required price is still too low.
Traps to check
- Do not confuse equity with seller net.
- Do not add a stamp-tax or transfer-tax line. Texas has no state transfer or stamp tax.
- Do not subtract the loan payoff twice.
- Do not solve required sale price by adding only fixed costs when percentage costs are present.
- Do not treat seller-net math as a net listing. This cheat sheet is for seller proceeds questions.
Work it without the answer showing
Separate price-based costs from entered dollar debits. For a target net, divide by the contribution margin and plug the answer forward.
- Variable rate
- Fixed debits
- Equation
- Plug-back
- Variable rate
- Fixed debits
- Equation
- Plug-back
- Variable rate
- Fixed debits
- Equation
- Plug-back
Answer key
- Brokerage is $26,125. Other variable costs are $3,562.50. Fixed debits total $9,417. Seller net is $475,000 - $310,000 - $26,125 - $3,562.50 - $9,417 = $125,895.50.
- Contribution margin is 1 - 0.07 = 0.93. Required price is ($100,000 + $325,000 + $12,000) / 0.93 = $469,892.4731. The minimum whole-dollar price is $469,893, then plug it forward.
- Required price is ($100,000 + $325,000 + $12,000 - $5,000) / 0.93 = $464,516.1290. A seller credit lowers the required sale price because it adds to proceeds.
Sanity check
- Higher payoff should lower seller net.
- Higher commission or percent costs should lower seller net.
- Required sale price should be higher than target net plus payoff when selling costs exist.
- Plugging the required sale price back into the forward formula should recreate the target net.
- If a cost increases net, you put it on the wrong side of the formula.
Practice the pattern Pass Texas drills seller net, reverse price, and closing-cost traps.
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