Price per square foot - Study guides, Class notes & Summaries

Ch 8 Pearson VUE - Real Estate Math Calculations. Multiple Choice Questions And Correct Answers I. An office manager was paid $1,000 per month plus 0.0025% (1/4) of one percent of all office sales. In November, she received $2,780. This amount was based on monthly sales of A. $556,000. B. $712,000. C. $912,000. D. $1,112,000. B $2,780 - $1,000 (salary) = $1,780 attributable to sales $1,780 / 0.0025% = $712,000 total office sales 2. What investment is necessary for a yield of $500...

McKissock Appraisal Procedures Question and answers rated A+ McKissock Appraisal Procedures A single unit residence sold for $126,000. It was rented for $1,100 per month but the market rent was $1,200. What is the GRM indicated by this sale? - correct answer 105.0 A building was constructed in July 2000 for $754,200. The cost index at that time was 133.6. The current cost index is 201.8. What is the indicated cost new of the building today? - correct answer $1,138,842 Property that fr...

McKissock Liberty University -McKissock Appraisal Procedures with complete solutionsA single unit residence sold for $126,000. It was rented for $1,100 per month but the market rent was $1,200. What is the GRM indicated by this sale? - correct answer 105.0 A building was constructed in July 2000 for $754,200. The cost index at that time was 133.6. The current cost index is 201.8. What is the indicated cost new of the building today? - correct answer $1,138,842 Property that fronts on a lak...

Scope of Work Rule - ANSWER-1. Identify the problem to be solved 2. Determine and perform the scope of work necessary to develop credible assignment results 3. Disclose the scope of work in the report Scope of work acceptability - ANSWER-When it meets or exceeds: 1. Expectations of parties who are regularly intended users for similar assignments and 2. What an Appraiser's peers actions would be in performing the same or similar assignments Economic Basis of Model Building - ANSWER-Sup...

pearson vue sample test 100% solved 2024 a. the landlord must have intentionally withheld required repairs or maintenance - Answer- In order for a tenant to claim relief for constructive eviction: a. the landlord must have intentionally withheld required repairs or maintenance b. any defects must be deemed to present a health hazard to the tenants c. the tenant must prove continuous residence in the premises d. the defect must be related to either heating or water systems c. bill of...

ASREB Practice Exam, Sessions 1-18, Study Guide Questions Correctly Answered And Graded A+ ASREB A 3.45-acre lot sells for 50 cents per square foot. What is the selling price? A) $37,570 B) $75,141 C) $76,230 D) $78,712 B 3.45 acres x 43,560 = 150,282 SF 150,282 SF x $0.50 = $75,141 A blind ad refers to an ad that A) provides no price. B) provides no address. C) gives no indication that the property is listed with a broker. D) gives no indication that the property has bene ...

Question 1 THE SALE PRICE CONSTANT IS $250,000. THE VARIABLE IS $35 PER SQUARE FOOT. THE SUBJECT IMPROVEMENT IS 3,545 SQUARE FEET. NOI IS $25,000, WHAT IS THE VALUE OF THE SUBJECT? a. $124,075 b. $250,000 c. $274,075 d. $374,075 - ANS Correct Answer: D Simple Linear Regression y = a + bx 374,075 = 250,000 + (35 x 3,545) Question 2 A 15-year old office property recently sold for $1,400,000. The cost to replace the building is $1,625,000. Land in that office...

ASREB Practice Exam Questions with 100% Correct Solutions A 3.45-acre lot sells for 50 cents per square foot. What was the selling price? a. $37,570 b. $75,141 c. $76,230 d. $78,712 - Correct Answer ️️ -b. $75,141 A blind ad refers to an ad that a. provides no price b. provides no address c. gives no indication that the property is listed with a broker d. gives no indication that the property has been sold or not - Correct Answer ️️ -c. gives no indication that the property i...

Mississippi Real Estates Math Questions and Answers Already Passed A homeowner bought a house one year ago for $250,000. Since then, the homeowner has spent $4,000 to pave the driveway and has added a screen porch at a cost of $3,000. Total depreciation has been $6,000. What is the homeowner's adjusted basis? $251,000 A buyer secured a $125,000 loan at 4.5% interest rate. To receive a lower interest rate, the buyer was required to buy down three discount points. How much were the di...

Colorado Real Estate Math Questions and Answers 100% Pass A real estate agent is paid $200.00 a month salary and a 2 ½ % commission on everything sold over $150,000 in one year. If the agent makes $22,000 one year. How much did the agent sell? 784000 634000 934000 880000 - Correct Answer ️️ -934000 $200 X 12 = $2,400 (total salary); $22,000 - $2,400 = $19,600 (total commission sales) / .025 (commission rate) = $784,000 (sales above $150,000 that earned the $19,600 commission) + $...