Real Estate Math

Blake bought his home 5 years ago for $115,000. He sold it for $145,000. What is the annual rate of appreciation?

A house sold for $450,000 which was 2% less than the original cost. What was the original cost?

Blake bought his home 5 years ago for $115,000. He sold it for $145,000. What is the annual rate of appreciation?

A house sold for $275,000 which was 9% less than the original cost. What was the original cost?

A house was sold for $355,000 which was 8% more than the original cost. What was the original cost?

A lot purchased 5 years ago for $100,000 has appreciated 10% total. How much per year did it appreciate?

A lot purchased 5 years ago for $100,000 has appreciated 10% total. How much per year did it appreciate?

A house sold for $275,000 which was 9% less than the original cost. What was the original cost?

Robin bought her home 5 years ago for $190,000. She sold it for $199,000. How much did the house appreciate?

A house was sold for $355,000 which was 8% more than the original cost. What was the original cost?

A house sold for $450,000 which was 2% less than the original cost. What was the original cost?

Robin bought her home 5 years ago for $190,000. She sold it for $199,000. How much did the house appreciate?

A lot in a subdivision sells for $5.00 per square foot. It is 100 feet wide and 120 feet deep. How much does the lot cost?

A lakefront property sold for $550,000 with 550 feet of lake frontage. About how much did it sell per front foot?

A lot purchased 25 years ago for $40,000 has appreciated 45% total. What is it worth today?

Jane learns that a lakefront property sold for $700,000 with 400 feet of lake frontage. About how much per front foot?

What is the price per front foot for a 50' wide x 100' long lot that sold for $75,000?

What is the price per front foot for a 100' wide x 125' long lot that sold for $125,000?

Jane learns that a lakefront property sold for $700,000 with 400 feet of lake frontage. About how much per front foot?

What is the price per front foot for a 50' wide x 100' long lot that sold for $75,000?

What is the price per front foot for a 100' wide x 125' long lot that sold for $125,000?

A man died without a will and with no sur- viving relatives. His four-acre farm will

A lakefront property sold for $550,000 with 550 feet of lake frontage. About how much did it sell per front foot?

A lot costs $300,000. It is 100 feet wide and 150 feet deep. How much is the price per square foot?

A lot in a subdivision is being sold for $8.00 per square foot. It is 200 feet wide and 400 feet deep. How much does the lot cost?

A lot costs $300,000. It is 100 feet wide and 150 feet deep. How much is the price per square foot?

A lot in a subdivision sells for $5.00 per square foot. It is 100 feet wide and 120 feet deep. How much does the lot cost?

A lot purchased 25 years ago for $40,000 has appreciated 45% total. What is it worth today?

A lot measures 150 feet by 200 feet. How many acres is this?

A lot in a subdivision is being sold for $8.00 per square foot. It is 200 feet wide and 400 feet deep. How much does the lot cost?

A property sells for $300,000. The commission rate is 6%, split equally between listing and selling brokers. What does each broker receive?

A property sells for $325,000. If the commission is 6%, split equally between listing and selling brokers, what does each broker receive?

A home you listed sells for $400,000. Your broker receives 6% and you receive 45% of their check. How much do you receive?

An agent lists a house for 6% commission. Final sales price is $555,000. How much commission did the seller pay?

An agent lists a house for 6% commission. Final sales price is $555,000. How much commission did the seller pay?

A Texas agent earns a 6% commission on a $350,000 sale. The listing broker takes 60% of the commission. How much does the listing broker receive?

An agent lists a seller's house for 5% commission. The final sales price is $255,000. How much commission did the seller pay?

A house sells for $280,000. The commission check to the broker is $16,800. What percentage did the broker receive?

A house sells for $280,000. The commission check to the broker is $16,800. What percentage did the broker receive?

The broker represents both buyer and seller with 5.25% commission rate and received $8,000. What was the final sales price?

A property sells for $300,000. You handled the sale and get 40% of what your broker receives. The broker received $18,000. How much do you earn?

The Real Estate Commissioner’s rules:

During a listing agreement, a 6% commission is established. The house sells for $450,000. What is the commission?

The broker represents both buyer and seller with 5.25% commission rate and received $8,000. What was the final sales price?

A 6% commission is established. The house sells for $2,800,000. What is the commission?

Timothy agrees to list his property to receive at least $100,000 after paying 5% broker's commission and $2,500 closing costs. At what price must it sell?

A house sells for $2,500,000. The commission check to the broker is $137,500. What percentage did the broker receive?

An agent receives 50% share of a 3% gross commission. The property sold for $350,000. How much commission will the agent receive?

A house sells for $330,000 in Albany New York. The commission check is handed to the broker which is $17,325. What was the percentage the broker received?

A 6% commission is established. The house sells for $2,800,000. What is the commission?

A property's value is $150,000 today. What was the original cost if it lost 25% of value over ten years?

A property's value is $91,000 today. What was the original cost if it lost 35% of value over five years?

A property's value is $150,000 today. What was the original cost if it lost 25% of value over ten years?

A property's value is $91,000 today. What was the original cost if it lost 35% of value over five years?

A property’s cost basis is most affected by an owner’s:

The period of time a structure continues to earn sufficient income to continue operations is referred to as the structure’s:

All of the following are sufficient to transfer an interest in real estate, except:

If Amanda's gross income is $8,550 monthly, she would need to spend less than ___ in total household debt to qualify for most loans (using 28/36 rule).

What is the interest rate on a $200,000 loan requiring an annual interest payment of $8,000?

The buyer gets a $280,000 mortgage in Florida. The intangible tax is:

What is the annual interest rate on a $300,000 loan requiring a monthly interest payment of $500?

If Amanda's gross income is $8,550 monthly, she would need to spend less than ___ in total household debt to qualify for most loans (using 28/36 rule).

What is the interest rate on a $200,000 loan requiring an annual interest payment of $8,000?

If a bank makes an 85% loan on a house valued at $120,000, how much cash is required at closing if the buyer already paid $8,000 earnest money?

What is the interest rate on a $150,000 loan requiring an annual interest payment of $6,500?

What is the annual interest rate on a $300,000 loan requiring a monthly interest payment of $500?

Using the 28/36 rule, if Marty's gross income is $5,500 monthly, he needs to spend less than ___ in housing costs to qualify for most loans.

Using the 28/36 rule, if Marty's gross income is $5,500 monthly, he needs to spend less than ___ in housing costs to qualify for most loans.

If a bank makes a 90% loan on a house valued at $88,500, how much cash is required at closing if the buyer already paid $4,000 in earnest money?

Which of the following is of least interest to an appraiser?

Which of the following instruments does NOT transfer an interest in real property?

The degree, quantity, or nature of a person’s interest in real property is called his

In a deed that states “to Jonathon for his life,” the grantor has what type of interest?

If a bank makes an 85% loan on a house valued at $120,000, how much cash is required at closing if the buyer already paid $8,000 earnest money?

A buyer obtains a loan for $200,000 at 6% annual interest. What is the monthly interest payment for the first month?

What is the interest rate on a $150,000 loan requiring an annual interest payment of $6,500?

A property has an NOI of $50,000 and a cap rate of 5%. What is the value?

An investment property has a net operating income of $36,000 and a cap rate of 8%. What is the property value?

If a buyer and seller decide to rescind a deal after the deed has been recorded, the buyer is to:

Calculate GRM for a 9-unit building: $500,000 price, $75,000 annual rent.

If a property has a net operating income of $60,000 and sells for $750,000, what is the capitalization rate?

Find the annual GRM for a 6-unit building in Buffalo New York with an asking price of $850,000 and gross annual rents of $55,000.

Which of the following BEST defines real property?

Find the annual GRM for a 4-unit building in Detroit Michigan with an asking price of $300,000 and gross annual rents of $25,000.

The return of land to the grantor or grant- or’s heirs when the grant is over is BEST described as

Find the annual GRM for a 4-unit building in Detroit Michigan with an asking price of $300,000 and gross annual rents of $25,000.

Find the annual GRM for a 10-unit building in Dallas Texas with asking price of $5,000,000 and gross annual rents of $225,000.

Find the annual GRM for a 10-unit building in Dallas Texas with asking price of $5,000,000 and gross annual rents of $225,000.

Find the annual GRM for a 6-unit building in Buffalo New York with an asking price of $850,000 and gross annual rents of $55,000.

Gina buys a property where the seller prepaid quarterly taxes of $750. She closes on March 1st. How much does she owe the seller?

Gina buys a property where the seller prepaid quarterly taxes of $750. She closes on March 1st. How much does she owe the seller?

James buys a property closing June 1st. The seller prepaid annual taxes of $3,000. How much does James owe the seller?

Newton buys a property closing September 1st. The seller prepaid annual taxes of $2,000. How much does Newton owe the seller?

A property's market value is $250,000. The assessment rate is 15% with 27.50 mills. Find the annual property taxes.

A property has annual property taxes of $3,600. The seller paid taxes through December 31, but the sale closes on October 1. How much does the seller owe the buyer as a proration?

A property's market value is $450,000. Assessment rate is 25% with 70.50 mills. Find the annual property taxes.

Property taxes on a Texas home are $6,000 per year. The sale closes on April 1. How much does the seller owe for prorated taxes?

A property's market value is $750,000. The assessment rate is 25% with 23.50 mills. Find the annual property taxes.

Jon buys a property closing on March 1st. The seller prepaid annual taxes of $6,000. How much does Jon owe the seller?

A property's market value is $2,250,000. The assessment rate is 15% with 28.55 mills. Find the annual property taxes.

A property's market value is $250,000. The assessment rate is 15% with 27.50 mills. Find the annual property taxes.

A property's market value is $450,000. Assessment rate is 25% with 70.50 mills. Find the annual property taxes.

A property's market value is $350,000. The assessment rate is 25% with 27.50 mills. Find the annual property taxes.

Annual property taxes are $4,380. The property closes on March 15. If the seller has NOT paid taxes for the current year, how much does the seller owe at closing? (Use 365 days)

Jon buys a property closing on March 1st. The seller prepaid annual taxes of $6,000. How much does Jon owe the seller?

A property's market value is $350,000. The assessment rate is 25% with 27.50 mills. Find the annual property taxes.

A property's market value is $2,250,000. The assessment rate is 15% with 28.55 mills. Find the annual property taxes.

A property's market value is $400,000. Assessment rate is 25% with 22.75 mills and $30,000 property tax deduction. Find annual property taxes.

Newton buys a property closing September 1st. The seller prepaid annual taxes of $2,000. How much does Newton owe the seller?

A property sells for $800,000 in NYC. The transfer tax (state + city) is approximately:

A buyer takes a $250,000 mortgage in Florida. What is the intangible tax?

A Florida property sold for $400,000. Calculate the documentary stamp tax on the deed:

A property sells for $350,000 in Florida. The documentary stamp tax on the deed is: