Real estate math exam - 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...

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...

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...

Real Estate Math Exama. 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 balance. The owner of the duplex would pay in cash...

Principles of Real Estate II Key Terms (ACEABLE AGENT) - Level 1 Real Estate Math Exam

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...

Principles of Real Estate II Key Terms (ACEABLE AGENT) - Level 1 Real Estate Math Exam

Real Estate Math Example Problems | Questions and Correct Solutions | Latest Update 2024/2025 | Graded A+ Fencing comes in 5 foot sections. For a fence that is 120 feet long, how many fence posts are needed? - Answer -120/5=24 24+1= 25 (post for the end) How many square feet are in a room 15'6"x 30'9"? (inches-> feet) - Answer -6"/12= .5 ft + 15'= 15.5' wide 9"/12= .75 ft + 30 ft= 30.75' long 20.75x15.5= 476.625 sq ft Carpet costs $63 per square yard, what would it cost to...