Unit 23 Quiz

Unit 23 Quiz

Here you will review the material found in Unit 23.

Time limit: 0

Quiz Summary

0 of 25 Questions completed

Questions:

Information

You have already completed the quiz before. Hence you can not start it again.

Quiz is loading…

You must sign in or sign up to start the quiz.

You must first complete the following:

Results

Quiz complete. Results are being recorded.

Results

0 of 25 Questions answered correctly

Your time:

Time has elapsed

You have reached 0 of 0 point(s), (0)

Earned Point(s): 0 of 0, (0)
0 Essay(s) Pending (Possible Point(s): 0)

Average score
Your score

Categories

Not categorized 0%

You must review the material for this section and reattempt the Unit 23 Quiz to proceed to the next section.

*Unit 23 Quiz*
Congrats!! You may now proceed to the next unit. If you would like additional practice on this unit, select the link below for another quiz.

*For Additional Practice*

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25

Current
Review
Answered
Correct
Incorrect

Question 1 of 25

1. Question
Convert 42% into a decimal.
- 42
- 4.2
- 0.42
- 0.042
Correct

Incorrect
Question 2 of 25

2. Question
Convert 0.7492 into a fraction
- 0.7492
- 0.07492
- 00.07492
- none of the above
Correct

Incorrect
Question 3 of 25

3. Question
What’s 35% of $62,000?
- 21700
- 2170000
- 207750
- 20700
Correct

Incorrect
Question 4 of 25

4. Question
What’s 1 mile?
- 5,280 feet
- 4,820 feet
- 8, 420 feet
- 2, 580 feet
Correct

Incorrect
Question 5 of 25

5. Question
What’s 1 square foot?
- 120 square inches
- 133 square inches
- 144 square inches
- 140 square inches
Correct

Incorrect
Question 6 of 25

6. Question
What’s 1 acre?
- 43,560 feet
- 42,560 feet
- 43,560 feet
- 42,630 feet
Correct

Incorrect
Question 7 of 25

7. Question
What’s 1 square mile?
- 640 acres
- 430 acres
- 650 acres
- 460 acres
Correct

Incorrect
Question 8 of 25

8. Question
A property measured at 500 feet by 700 feet. The area’s average front footage value is $275 per front foot. What is the property value?
- 142500
- 153500
- 192500
- 137500
Correct

Incorrect
Question 9 of 25

9. Question
A borrower takes out a loan of $150,000 on a home worth $200,000 (the remaining $50,000 was paid up front as a down payment), what’s their loan-to-value ratio.
- 0.74
- 0.8
- 0.78
- 0.75
Correct

Incorrect
Question 10 of 25

10. Question
What’s a “point”?
- a fee equal to 2% of the loan amount.
- a fee equal to 0.5% of the loan amount.
- a fee equal to 1% of the loan amount.
- a fee equal to 5% of the loan amount.
Correct

Incorrect
Question 11 of 25

11. Question
What is an annual Debt-to-service on a mortgage?
- the monthly mortgage payment divided by the number of months in a year.
- the monthly mortgage payment multiplied by the number of months in a year.
- the monthly principal payment multiplied by the number of months in a year.
- the monthly mortgage payment multiplied by the number of months in the term.
Correct

Incorrect
Question 12 of 25

12. Question
Under Georgia Law, how do you calculate assessed value?
- 40% of the property fair market value unless otherwise specified.
- 50% of the property fair market value unless otherwise specified.
- 30% of the property fair market value unless otherwise specified.
- 25% of the property fair market value unless otherwise specified.
Correct

Incorrect
Question 13 of 25

13. Question
How do you find millage rate?
- divide the assessed value by $500 dollars.
- multiply the assessed value by $500 dollars.
- multiply the assessed value by $1,000 dollars.
- divide the assessed value by $1,000 dollars.
Correct

Incorrect
Question 14 of 25

14. Question
0.7564 to a fraction
- 0.0076
- 0.0756
- 0.7564
- 7.564
Correct

Incorrect
Question 15 of 25

15. Question
1 square foot in square inches?
- 140 square inches
- 120 square inches
- 133 square inches
- 144 square inches
Correct

Incorrect
Question 16 of 25

16. Question
32% of $62,000?
- 18432
- 19840
- 23000
- 62000
Correct

Incorrect
Question 17 of 25

17. Question
2 square foot in square inches?
- 288
- 295
- 229
- 200
Correct

Incorrect
Question 18 of 25

18. Question
What is 2 miles in feet
- 10560ft
- 11360ft
- 9560ft
- 8600ft
Correct

Incorrect
Question 19 of 25

19. Question
A borrower takes out a loan of $150,000 on a home worth $200,000 (the remaining $50,000 was paid up front as a down payment), what’s their loan-to-value ratio.
- 0.8
- 0.75
- 0.74
- none of the above
Correct

Incorrect
Question 20 of 25

20. Question
How do you calculate the annual property tax?
- take your calculated mill rate and multiply it by the average millage rate in the area.
- take your calculated mill rate and divide it by the average millage rate in the state.
- take your calculated mill rate and divide it by the average millage rate in the area.
- none of the above
Correct

Incorrect
Question 21 of 25

21. Question
Jake pays 4,250 a year in property taxes. He decides to sell the property to Mary. The sell closes August 5th. What is the proration?
- Jake owes Mary 2,833.28
- Jake owes Mary $2,833.36
- Mary owes Jake $2,833.36
- no one owes anything
Correct

Incorrect
Question 22 of 25

22. Question
You have a property listed at $130,000. The commission rate listed in the listing agreement is 6%, which you will split evenly with the buyer’s representative. What’s your share.
- 3900
- 4000
- 8000
- none of the above
Correct

Incorrect
Question 23 of 25

23. Question
What’s 2 acres in feet?
- 87120
- 79965
- 13202
- none of the above
Correct

Incorrect
Question 24 of 25

24. Question
One meter equals how many inches ?
- 3.3
- 4.0
- 2.6
- 1.9
Correct

Incorrect
Question 25 of 25

25. Question
How do you calculate the area of a rectangle
- length x width
- length x width x height
- length x height
- none of the above
Correct

Incorrect

Login

Accessing this course requires a login. Please enter your credentials below!

Username or Email Address

Password

Remember Me

Lost Your Password?