An Alaska home sold at a 4% loss for $312,000. What was the original purchase price?
Why $325,000 Is Correct
Answer C: $325,000
Exam Tip: Real Estate Math
Math questions are formula-based. Memorize the key formulas: commission splits, proration, cap rate (NOI ÷ Value), GRM (Price ÷ Gross Rent), and LTV (Loan ÷ Value). Practice converting between annual and monthly figures.
People Also Study
Related Alaska Questions
- An Alaska property sold for $315,000, which was 5% more than the original listing price. What was the original listing price?Real Estate Math
- A buyer in Alaska paid $345,000 for a home and wants to net $400,000 after a 5% commission when they eventually sell. What minimum sale price must they achieve?Real Estate Math
- An Alaska buyer's agent who negotiates a lower purchase price on behalf of the buyer saves the buyer $15,000. If the agent is paid 3% of the sale price, the agent's compensation:Agency
- An Alaska property sold for $395,000. The buyer made a 20% down payment. Transfer tax in the municipality is $3.50 per $1,000 of sale price. What is the transfer tax?Real Estate Math
- Under the Alaska Uniform Vendor and Purchaser Risk Act, if a property is materially damaged after the purchase agreement is signed but before closing, the risk of loss falls on:Contracts
- An Alaska purchase agreement includes a home inspection contingency. The inspector finds a cracked heat exchanger in the furnace. The buyer requests the seller repair it. If the seller refuses, the buyer may:Contracts
- An Alaska property is listed for $420,000 and sells for 97% of the list price. What is the sale price?Real Estate Math
- A buyer in Alaska is using a VA loan to purchase a $350,000 home. The VA funding fee for a first-time user with no down payment is 2.15%. What is the funding fee amount?Finance
Key Terms to Know
The ratio of a mortgage loan amount to the appraised value or purchase price of a property, expressed as a percentage.
ContingencyA condition in a purchase contract that must be satisfied before the sale can proceed to closing.
Purchase AgreementA legally binding contract between a buyer and seller that outlines the terms and conditions of a real estate sale.
Option ContractA contract giving the buyer the right, but not the obligation, to purchase a property at a specified price within a specified time period.
Math Concepts
Study This Topic
Practice More Alaska Real Estate Questions
1,400+ questions covering all exam topics. Start free — no signup required.
Take the Free Alaska Quiz →