Real Estate Math
An Indiana seller's property is listed at $475,000. After negotiations, the buyer and seller agree on $455,000. What was the negotiated percentage below asking price?
A3.5%
B4.0%
C4.2%✓ Correct
D5.0%
Explanation
Discount % = ($475,000 − $455,000) ÷ $475,000 = $20,000 ÷ $475,000 = 4.21% ≈ 4.
Related Indiana Real Estate Math Questions
- An Indiana investor purchases a rental property for $180,000 and receives monthly rent of $1,500. What is the annual gross rent multiplier (GRM)?
- A commercial building in Kokomo, Indiana has 8,000 sq ft. The annual rent is $22 per sq ft. What is the monthly rent?
- A seller's home in Fort Wayne sold for $195,000. The closing costs and broker commission total $14,000. The seller's original mortgage payoff is $122,000. What are the seller's net proceeds?
- A comparable sale in an Indiana appraisal sold for $295,000. The comparable has a garage worth $8,000 that the subject property lacks. What adjusted sale price is used for the subject?
- An Indiana investor puts $80,000 down on a $320,000 property and earns $28,000 in net income the first year. What is their cash-on-cash return?
- A seller nets $185,000 after paying a 6% commission. What was the selling price?
- Using a 30/360 day count method, how many days of interest does a seller owe if they sell on June 15?
- An Indiana seller accepts a 6% commission on a $510,000 sale. The commission is split 50/50. The listing agent at the brokerage receives 45% of the listing broker's half. How much does the listing agent earn?
Practice More Indiana Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Indiana Quiz →