Real Estate Math
A Delaware property sold for 6% below the listed price of $310,000. What was the sale price?
A$291,400✓ Correct
B$289,400
C$294,000
D$300,000
Explanation
Sale price = $310,000 × (1 − 0.06) = $310,000 × 0.
Related Delaware Real Estate Math Questions
- An investor purchases a Delaware property for $500,000 with a 25% down payment and obtains a mortgage for the balance. Closing costs are $8,000 (paid in cash). What is the investor's total cash investment at closing?
- A Delaware seller received $442,000 net after paying 5.5% commission and $3,200 in closing costs. What was the sale price?
- A Delaware commercial lease has a base rent of $18 per square foot per year for 3,500 square feet. What is the monthly rent?
- A Delaware property is purchased for $310,000 and sold three years later for $358,000. What is the percentage increase in value?
- A Delaware property is listed at $289,000 and sells for $275,000. What percentage below list price did it sell for?
- A Delaware real estate office generates $485,000 in gross commission income annually. If overhead is 40%, how much is available for broker compensation and profit?
- A Delaware rental property generates annual gross rents of $48,000 with a 5% vacancy rate. Operating expenses total $22,000. What is the NOI?
- A Delaware buyer finances $380,000 at 7% for 30 years. Using a factor of $6.65 per $1,000 borrowed, what is the monthly principal and interest payment?
Practice More Delaware Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Delaware Quiz →