Real estate math - 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...

Ch 8 Pearson VUE - Real Estate Math Calculations Exam Questions with correct Answers 2024( A+ GRADED 100% VERIFIED).

COLORADO REAL ESTATE MATH REVIEW NEWEST ACTUAL EXAM WITH COMPLETE QUESTIONS AND CORRECT VERIFIED ANSWERS (DETAILED ANSWERS) ALREADY GRADED A+ 100%

Unit 8 Real Estate Math Exam Questions Correctly Solved 2024. 12 inches - correct answer 1 foot 5,280 feet - correct answer 1 mile 36 inches - correct answer 1 yard 16 1/2 feet - correct answer 1 rod 3 feet - correct answer 1 yard 320 rods - correct answer 1 mile 144 square inches - correct answer 1 square foot 1,296 square inches - correct answer 1 square yard 9 square feet - correct answer 1 square yard 43,560 square feet - correct answer 1 acre 640 acres - corr...

Real Estate Exam (Math Portion), Real Estate Math Practice Problems A farmer is willing to pay $1,200 per acre. He is planning to buy the SE 1/4 of the SE 1/4 of the SE 1/4 of section 2. How much will he pay for the land? There are 640 acres in 1 section. $12,000 If the potential gross rental income from a property is $20,000, the vacancy rate is 5 percent, and the additional income from the laundry facilities and extra storage is $700, what is the effective gross income? $19,700 A ...

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. All licensees are required to complete ____ hours of continuing education in each licensing period. - ANSWER 16 hours For how long must a principal broker keep records? - ANSWER 3 years The minimum requirements of errors and omissions insurance are ____ per claim, ____ deductible per clai...

Maine Real Estate MATH SECTION questions with correct answers

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...

Chapter 18 Colibri Exam Questions and Complete Solutions Ad valorem - Answer: taxes based on the assessed value of a property tax base of an area - Answer: = assessed values - exemptions (is the total of the appraised or assessed values of all real property within the area's boundaries) The tax rate, or millage rate - Answer: determines how much of a tax levy the tax base will receive. The tax rate for each taxing entity is calculated by dividing the amount of revenue required by the ...

REAL ESTATE MATH PROBLEMS