Real estate math - Study guides, Class notes & Summaries

Unit 3 - Virginia License Law and Math Practice Exam With 100% Correct Answers 2024 ____ leases have "automatic renewal" clauses, stating that the lease will automatically renew with the same terms unless one of the parties notifies the other party in writing within a specified number of days before the termination of the lease. all most few none - answermost Phillip advised his clients they needed to paint their master bedroom before showing the property. The walls of this room were 1...

Test Bank for Contemporary Business Mathematics with Canadian Applications, 12th edition By S. A. Hummelbrunner Contemporary Business Mathematics, 12e (Hummelbrunner) Chapter 1 Review of Arithmetic 1) Simplify: (28 - 4)/3 Answer: (28 - 4)/3 = 24/3 = 8 Diff: 1 Type: SA Page Ref: 5-6 Topic: 1.1 Basics of Arithmetic Objective: 1-1: Simplify arithmetic expressions using the basic order of operations. 2) Simplify: 8 + 6 ∗ 2 Answer: 8 + 12 = 20 Diff: 1 Type: SA Page Ref: 5-6 Topic: 1.1 ...

REAL ESTATE MATH EXAM 2024 WITH 100% CORRECT ANSWERS Types of Questions - correct answer (1) Percentage questions include commission, net listing, profit or loss, principal and interest, or interest only computations. (2) Square footage questions include how many lots or what size lot can be developed, and replacement costs. (3) Formula questions include memorizing formulas. They can be comparable sales appraisal questions or specific formulas for IRV, or taxable values. Real Esta...

REAL ESTATE MATH EXAM 2024 WITH 100% CORRECT ANSWERS The fastest way to calculate one month's interest on a real estate loan with an interest rate of 7.2% interest per annum is to multiply the principal balance by - correct answer 0.006 (7.2%/12) A duplex with a fair market value of $20,000 and an outstanding loan balance of $12,000 was exchanged for a four-plex with a market value of $35,000 and an outstanding $18,000 loan balance. The owner of the duplex would pay in cash or secondary...

Mississippi Real Estate License Law & National License Math 100% Accurate Mississippi Real Estate License Law & National License Math 100% Accurate Mississippi Real Estate License Law & National License Math 100% Accurate Mississippi Real Estate License Law & National License Math 100% Accurate Broker Michael has been a real estate broker for the past ten years but is not a licensed attorney. Can he give legal advice to his real estate clients? - ANSWER No, only if he was a licensed attorney...

Real Estate Math Exam Question and answers already passed 2023/2024a. The fastest way to calculate one month's interest on a real estate loan with an interest rate of 7.2% interest per annum is to multiply the principal balance by: a. 0.0006 b. 0.6 c. 7.2% and divide by 12 d. 12 and divide by 7.2% c. A duplex with a fair market value of $20,000 and an outstanding loan balance of $12,000 was exchanged for a fourplex with a market value of $35,000 and an outstanding $18,000 loan bala...

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) + $...

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...

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) + $...

REAL ESTATE EXAM (MATH PORTION), REAL ESTATE MATH PRACTICE PROBLEMS