Real Estate MathPregunta 117 de 120
A seller wants to net $190,000 after paying a 5% commission (and no other costs). What must the sales price be, rounded to the nearest dollar?
a.$200,000
b.$199,500
c.$180,500
d.$209,000
Explicación
The seller keeps 95% of the price, so price = $190,000 / 0.95 = $200,000. Checking: $200,000 x 5% = $10,000 commission, leaving $190,000.
Practica las 120 preguntas gratis — sin registro.
Preguntas relacionadas de este tema
- A loan of $200,000 carries a 6% annual interest rate. How much is the interest for the FIRST month (simple interest)?
- A property is assessed at $180,000 and the tax rate is $2.50 per $100 of assessed value. What is the annual property tax?
- An investor's rental property produces net operating income (NOI) of $24,000 per year. Using a capitalization rate of 8%, what is the indicated value?
- A rectangular house has exterior dimensions of 40 feet by 50 feet. If construction costs $120 per square foot, what is the estimated construction cost?
- A buyer obtains a loan with an 80% loan-to-value ratio on a $325,000 purchase. How much is the loan amount?
- Monthly rent is $1,500 and the annual gross rent multiplier (GRM) for comparable properties is 12 times ANNUAL rent. What is the indicated property value?
Última revisión: · proceso editorial
Equipo Editorial de PrepPass · Verificado con Texas Real Estate Sales Agent Licensing Exam · Cómo revisamos