A Colorado property's income increased from $75,000 to $82,500. What is the percentage increase?
Why 10.0% Is Correct
Answer C: 10.0%
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 Colorado Questions
- A Colorado homeowner's property tax increased from $3,800 to $4,100. What is the percentage increase in property taxes?Real Estate Math
- A Colorado property's assessed value increased from $48,000 to $52,500 this year. By what percentage did the assessed value increase?Real Estate Math
- A Colorado investor purchases a fourplex for $600,000. Each unit rents for $1,400/month. What is the annual gross rent multiplier (GRM) using annual income?Real Estate Math
- Using the income approach: a Colorado commercial property generates $80,000 NOI. Comparable properties sell at a 7% cap rate. What is the property's indicated value?Real Estate Math
- Under Colorado's CCIOA, what percentage vote is typically required for a common interest community to approve special assessments above a certain threshold?Property Management
Key Terms to Know
The gradual repayment of a loan through scheduled periodic payments that cover both principal and interest.
Adjustable-Rate Mortgage (ARM)A mortgage with an interest rate that changes periodically based on a financial index, usually after an initial fixed-rate period.
Loan-to-Value Ratio (LTV)The ratio of a mortgage loan amount to the appraised value or purchase price of a property, expressed as a percentage.
Debt-to-Income Ratio (DTI)A lender's measure of a borrower's monthly debt obligations relative to their gross monthly income, used to evaluate loan eligibility.
Study This Topic
Practice More Colorado Real Estate Questions
1,400+ questions covering all exam topics. Start free — no signup required.
Take the Free Colorado Quiz →