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TX REAL ESTATE EXAM PREP-MATH PROBLEMS (2024 / 2025) Questions with Verified Answers, 100% Guarantee Pass Score
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TX REAL ESTATE EXAM PREP-MATH PROBLEMS (2024 / 2025) Questions with Verified Answers, 100% Guarantee Pass Score

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  • October 9, 2024
  • 28
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • tx real estate exam prep math problems

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  • Texas Real Estate
  • Texas Real Estate

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TX REAL ESTATE EXAM PREP-MATH PROBLEMS.pdf file:///C:/Users/HP/Desktop/New%20fl/TX%20REAL%20ESTATE




TX REAL ESTATE EXAM PREP-MATH PROBLEMS

COMPLETE SOLUTIONS WITH CALCULATIONS



1. An acre is how many Sqft

Answer 1 Acre= 43,560 SQFT.


* A section = 640 acres*




2. The total commission a brokerage firm was paid was $33,500. The firm was paid

7% on the first $200,000, 6% on the next $200,000 and 5% on theremainder.What

was the sales price of the property

Answer $550,000



Sales Price Calculation:

$200,000 x 7% = $14,000. $200,000 x 6% = $12,000.

$14,000 + $12,000 = $26,000. $33,500 - $26,000 = $7,500.






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$7,500 ÷ 5% = $150,000.

$200,000 + $200,000 + $150,000 = $550,000



3. Agent Carrie received $937.50 as commission for a referral fee. The listingagent paid

25% of her commission for the referral.The total commission paidwas 6%, which was

split equally between the listing and selling brokerage firms. If the listing agent was paid

50% of her firm's commission, what was the sale price of the property

Answer $250,000



Property Sale Price Calculation:

$937.50 ÷ 25% = $3,750. $3,750 ÷ 50% = $7,500.

$7,500 ÷ 3% = $250,000



4. When Branham brought his property he had a 20% down payment and secured a 30

year loan at 7% interest. If his first month's interest was $787.50,how much did he pay

for the property

Answer $168,750





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Calculation:

$787.50 x 12 = $9,450. $9,450 ÷ 7% = $135,000.

$135,000 ÷ 80% = $168,750



5. The S1/2 of the NE1/4 and the NW1/4 of the SE1/4 would contain

Answer 5,227,200square feet



Calculation:

640 ÷ 4 ÷ 2 = 80 acres. 640 ÷ 4 ÷ 4 = 40 acres. 80 acres + 40 acres = 120 acres.

120 acres x 43,560 = 5,227,200 square feet



6. A lot that measures 475' x 525' sold for $275,000.What was the cost per frontfoot

Answer $578.947









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