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Real Estate Math 2
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Terms in this set (20)
PxR
The T-bar below represents ...
C/R
The T-bar below represents ...
C/P
The T-bar below represents ...
CPR
A "commission" problem uses the T-bar with the name ...
commission
A broker lists a $200,000 property for a 6% commission. She agrees to pay 40% of the commission to any broker who sells the property as a subagent. If another broker sells the property, and you want to find out how much commission the subagent will earn, what kind of problem is this?
CPR
A broker lists a $200,000 property for a 6% commission. She agrees to pay 40% of the commission to any broker who sells the property as a subagent. If another broker sells the property, what formula would you use to find out how much commission the subagent will earn?
$4,800
A broker lists a $200,000 property for a 6% commission. She agrees to pay 40% of the commission to any broker who sells the property as a subagent. If another broker sells the property, how much commission the subagent will earn?
commission
A broker receives a commission of $10,800 for listing and selling a property with a commission of 6%. If you want to know what the property sold for, what kind of problem is this?
CPR
A broker receives a commission of $10,800 for listing and selling a property with a commission of 6%. If you want to know what the property sold for, what formula would you use?
$180,000
A broker receives a commission of $10,800 for listing and selling a property with a commission of 6%. What did the property sell for?
PAR
An "investment" problem uses the T-bar with the name ...
investment
An investor bought two lots for $12,000 each. He later divided the property into four lots and sold them for $8,000 each. If you want to find his rate of return, what kind of problem is this?
PAR
An investor bought two lots for $12,000 each. He later divided the property into four lots and sold them for $8,000 each. If you want to find his rate of return, what formula would you use?
33.3%
An investor bought two lots for $12,000 each. He later divided the property into four lots and sold them for $8,000 each. What was his rate of return?
investment
An investor wants to earn a return of $200 per month on an investment that has a rate of return of 10%, If you want to know how much the investor would need to invest to do this, what kind of problem is this?
PAR
An investor wants to earn a return of $200 per month on an investment that has a rate of return of 10%. If you want to know how much the investor would need to invest to do this, what formula would you use?
$24,000
An investor wants to earn a return of $200 per month on an investment that has a rate of return of 10%. How much would the investor need to invest to do this?
investment
A borrower borrows $10,000 and signs a note for it which must be paid off in 12 months, with interest at 12%. The lender then immediately sells the note to an investor for $8,000. If you want to find the investor's rate of return, what kind of problem is this?
PAR
A borrower borrows $10,000 and signs a note for it which must be paid off in 12 months, with interest at 12%. The lender then immediately sells the note to an investor for $8,000. If you want to find the investor's rate of return, what formula would you use?
40%
A borrower borrows $10,000 and signs a note for it which must be paid off in 12 months, with interest at 12%. The lender then immediately sells the note to an investor for $8,000. What is the investor's rate of return?
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