Real Estate MathIntermediateDelaware Exam
A Delaware homeowner sells their home for $425,000 after owning it for 5 years. Original purchase price was $330,000. Selling costs total $28,000. What is the net gain?
A$95,000
B$67,000Correct
C$57,000
D$87,000
Why $67,000 Is Correct
Answer B: $67,000
Gain = Sale Price − Purchase Price − Selling Costs = $425,000 − $330,000 − $28,000 = $67,000. Using the values given ($425,000, $330,000), apply the appropriate formula..
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.
Related Delaware Real Estate Math Questions
- A Delaware home is listed at $319,000 and has been shown 18 times in 45 days without an offer. The seller reduces the price by 3.5%. What is the new price?Real Estate Math
- What is the annual property tax rate (mill rate) if 1 mill equals $1 of tax per $1,000 of assessed value, and a Delaware property assessed at $200,000 pays $4,800 in annual tax?Real Estate Math
- If a Delaware property's NOI is $67,500 and it sells for $900,000, what is the cap rate?Real Estate Math
- A Delaware property sells for $550,000. The listing broker and buyer's broker each receive 50% of a 5% total commission. What does each broker receive?Real Estate Math
- A Delaware property with a GRM of 125 (monthly) is expected to rent for $2,600/month. What is the estimated market value?Real Estate Math
- A Delaware tenant signs a 5-year NNN lease for a 3,200 sq ft retail space at $28/sq ft/year with 3% annual rent increases. What is the rent in Year 2?Real Estate Math
- A Delaware buyer's loan amount is $240,000 at 5.5% annual interest. Points paid at closing are 2 points. What is the dollar cost of the points?Real Estate Math
- A Delaware buyer puts 5% down on a $320,000 home. The lender requires PMI at an annual rate of 0.85% of the original loan amount. What is the annual PMI premium?Real Estate Math
Practice More Delaware Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Delaware Quiz →