Real Estate Math
A seller wants to net $200,000 after paying a 5% commission and $3,500 in other closing costs. What must the property sell for?
A$214,210.53✓ Correct
B$213,157.89
C$210,526.32
D$215,789.47
Explanation
Net = Sale Price × (1 - 5%) - $3,500 = Sale Price × 0.95 - $3,500.
Related Arizona Real Estate Math Questions
- A commercial property has an NOI of $72,000. If similar properties are selling at a 7.5% cap rate, what is the indicated market value?
- An Arizona broker has gross commission income of $480,000. They pay $192,000 to agents as commission splits. What percentage of gross income did agents receive?
- A title insurance premium of $1,200 covers a $480,000 property. What is the rate per $1,000 of coverage?
- A buyer purchases a $450,000 home and puts 20% down. The conventional loan is at 6.5% for 30 years. What is the LTV at origination?
- An Arizona investor paid $400,000 for a property and wants a 9% return on investment. What annual net income is required?
- If a property's value decreased 12% from last year and is currently worth $396,000, what was last year's value?
- An Arizona investor purchases a property for $400,000 with $100,000 down payment. The annual cash flow is $8,000. What is the cash-on-cash return?
- An Arizona property has a potential gross income of $108,000, a 6% vacancy rate, and $36,000 in operating expenses. If properties in the area sell at a 7.5% cap rate, what is the estimated value?
Practice More Arizona Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Arizona Quiz →