Real Estate MathIntermediateDelaware Exam
A Delaware investor purchases a rental property for $300,000 using a 75% LTV mortgage. What is the loan amount?
A$200,000
B$225,000Correct
C$250,000
D$275,000
Why $225,000 Is Correct
Answer B: $225,000
Loan amount = Purchase Price × LTV = $300,000 × 0.75 = $225,000.
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.
Related Delaware Real Estate Math Questions
- A Delaware commercial property is purchased for $1,200,000 with a 35% down payment. What is the equity at purchase?Real Estate Math
- A Delaware property sells for $525,000. The seller's agent brokerage earns a 2.5% total commission. The listing agent's split with their broker is 60/40 (agent 60%). What does the listing agent earn?Real Estate Math
- A Delaware home is listed for $485,000. After negotiations, it sells for $467,000. What is the sale price as a percentage of list price?Real Estate Math
- A Delaware landlord receives monthly rent of $2,800. What is the annual gross rent?Real Estate Math
- A Delaware seller wants to net $300,000 after paying a 5% commission and $8,000 in closing costs. What must the property sell for?Real Estate Math
- A listing expires after 6 months without selling. The seller relists at a price 8% lower than the original $375,000. What is the new listing price?Real Estate Math
- A Delaware property sells for $450,000. The first mortgage balance is $280,000. Closing costs and commissions total $27,000. What are the seller's net proceeds?Real Estate Math
- A rectangular lot is 80 feet wide and 120 feet deep. A proposed house will have a 20-foot front setback, 10-foot side setbacks on each side, and a 15-foot rear setback. What is the buildable area in square feet?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 →