Exam (elaborations)
GA Real Estate Math(SOLVED)
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GA Real Estate Math(SOLVED)
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GA Real EstateMath(SOLVED)
How many sq ft in an acre? - answer 43,560 sq ft
How many acres in a section? - answer 640 acres
How many feet in a mile? - answer 5,280 feet
Gross - answer SP ÷ rent
Estimated Value - answer rent × gross
Loan Amount - answer SP × Loan to value (LTV)
Down Payment - answer SP − LA
Annual Interest - answer LA × %
, Intangible Tax - answer $1.50 for each $500
Equation
Accrued Interest - answer (LB × %) ÷ (360 × # of
days owed)
Transfer Tax - answer $ .10 for each $100
Interest adjustment - answer DOM - closing date
+1
Who is responsible for the day of closing is a
proration is between buyer and seller? - answer
Seller
What is the due and payable date used in the
course for property taxes? - answer July 1st
Is the closing is on April 28th, what is true about
the property tax proration? - answer The seller
owes the buyer a prorated amount
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