Unit 24 Quiz Attempt #3

What’s 32% in a decimal.

change 0.7564 to a fraction

32% of $62,000 = what?

1 square foot = what?

What is 1 mile?

What’s 1 acre in feet?

What’s 1 square mile?

A property measured at 500 feet by 700 feet. The area’s average front footage value ois $275 per front foot. What is the property value?

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.

What’s a “point”?

What is an annual Debt-to-service on a mortgage?

Under Georgia Law, how do you calculate assessed value?

How do you find mileage rate?

Finding the rate of return has a purpose of:

6% interest, $210,000 in loans, and a closing date of March 17 allows the purchaser’s adjusted interest to be…

If the seller receives $447 as their homeowner’s yearly premium refund, what is the cost for the yearly hazard insurance premium? (The real estate closed on August 31st and the policy anniversary date is December 12th).

What is the buyer’s adjusted interest for March if the loan amount is $210,000 with a 6% interest rate?

A real estate sale closed on November 30. The seller paid their yearly hazard insurance premiums of $1,500 a year and policy anniversary date was May 10. What is the amount the homeowner’s would receive as a refund for the unused portion of their homeowner’s yearly premium?

Adam owns a two-story house measuring 30′ by 50′ at $100 a square foot. The lot that the house is on is valued at $75,000.

Krests’ percentage lease reads as follows: A tenant agrees to pay $700 per month fixed rent plus 3% on all sales over million dollars. If the total rent paid was $45,000, the gross sales were:

What was the sale price of a condo sold to a selling broker who was paid a 4% commission with a net of $195,800?

Which of these are not considered an operation expense?

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.

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.