Real Estate MathIntermediateDelaware Exam
A buyer puts 20% down on a $375,000 home and finances the rest. What is the loan amount?
A$75,000
B$285,000
C$300,000Correct
D$325,000
Why $300,000 Is Correct
Answer C: $300,000
Down payment = $375,000 × 20% = $75,000. Loan amount = $375,000 − $75,000 = $300,000.
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.
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