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Real Estate Math 4
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Terms in this set (17)
$90,000
Jim recently sold his house for $103,500, which is 15% more than he paid for it. What did he pay for it?
$84,507
Ms. Brown made a 42% profit on the sale of her home. She sold it for $120,000. What did she pay for it?
price
A seller wants to sell her home and receive $100,000 after the broker's 6% commission is deducted. If you were asked to determine the sales price, this would be a ... problem.
subtract 6% from 100%
A seller wants to sell her home and receive $100,000 after the broker's 6% commission is deducted. If you were asked to determine the sales price, the first step would be to ...
cost
A seller sells her home and receives $100,000, which represents a profit of 6% over what she paid for it. If you were asked to determine the amount she paid for it, this would be a ... problem.
add 6% to 100%
A seller sells her home and receives $100,000, which represents a profit of 6% over what she paid for it. If you were asked to determine the amount she paid for it, the first step would be to ...
price
The Browns sold their home on which they had no mortgage. The escrow company deducted $545 for expenses and a broker's commission of 5% from the sales price paid by the buyer. The Browns received a check from the escrow company for $124,000. If you wanted to find out what the house sold for, this would be a ... problem.
add $545 to $124,000
The Browns sold their home on which they had no mortgage. The escrow company deducted $545 for expenses and a broker's commission of 5% from the sales price paid by the buyer. The Browns received a check from the escrow company for $124,000. If you wanted to find out what the house sold for, the first step would be to ...
subtract 5% from 100%
The Browns sold their home on which they had no mortgage. The escrow company deducted $545 for expenses and a broker's commission of 5% from the sales price paid by the buyer. The Browns received a check from the escrow company for $124,000. If you wanted to find out what the house sold for, you would first add $545 to $124,000 & then ...
$131,000
The Browns sold their home on which they had no mortgage. The escrow company deducted $545 for expenses and a broker's commission of 5% from the sales price paid by the buyer. The Browns received a check from the escrow company for $124,000. what did their house sell for?
price
Mr. Smith bought a second mortgage at a discount of 20% and paid $22,000 for the note. If you wanted to know the original face value of the note, this would be a(n) ... problem.
subtract 20% from 100%
Mr. Smith bought a second mortgage at a discount of 20% and paid $22,000 for the note. If you wanted to know the original face value of the note, the first step would be to ...
$27,500
Mr. Smith bought a second mortgage at a discount of 20% and paid $22,000 for the note. What was the original face value of the note?
price
The Franks recently bought a home for $168,000. If you wanted to know how much it would have to increase in value for the Franks to pay a 5% commission and break even to the sale, this would be a(n) ... problem.
subtract 5% from 100%
The Franks recently bought a home for $168,000. If you wanted to know how much it would have to increase in value for the Franks to pay a 5% commission and break even to the sale, the first step would be to ...
$176,842
The Franks recently bought a home for $168,000. How much would the Franks have to sell their home for to pay a 5% commission and break even to the sale?
$8,842
The Franks recently bought a home for $168,000. How much would it have to increase in value for the Franks to pay 5% commission and break even on the sale?
THIS SET IS OFTEN IN FOLDERS WITH...
Basics of Finance 2
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Real Estate Math 1
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Real Estate Math 2
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Real Estate Math 3
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