Real Estate Math Problems | Questions and Correct Solutions | Latest Update 2024/2025 | Graded A+

Real Estate Math Problems | Questions and Correct Solutions | Latest Update 2024/2025 | Graded A+ What was the price per front foot for a 100' x 125' lot that sold for $125,000. (the first number is front foot) 1. $1,250 2. $1,000 3. $556 4. $10 - Answer -1. $1,250 125,000÷100 = 1,250 If the bank makes 90% loan on a house valued at $88,500 how much additional cash is required as a down payment if the buyer has already paid $4,500 in earnest money 1. $3,500 2. $4,000 3. $4,350 4. $8,850 - Answer -3. $4,350 P÷T×R 8,850÷88,500×90%-10% = $4,350 What did the sellers pay for their home if they sold it for $298,672 which gave them a 12% (+100%) profit over their original cost? Round your answer to the nearest cent. 1. $243,671.43 2. $266,671.43 3. $312,512.64 4. $334,512.64 - Answer - 2. $266,671.43P÷T×R 298,672÷T×1.12= 266,671.43 The sale of a home is to close on Sept 28 included in the sale is a garage apt that is rented for $350 per month the tenant has paid the Sept rent what is the proration using actual