Real Estate MathIntermediateDelaware Exam
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?
A$340,000
B$345,000Correct
C$350,000
D$355,000
Why $345,000 Is Correct
Answer B: $345,000
Price reduction = $375,000 × 0.08 = $30,000.
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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