Real Estate Math
A Kansas property manager charges a maintenance oversight fee of 10% on all repair work. If annual repairs total $8,500, what is the maintenance fee?
A$750
B$850✓ Correct
C$950
D$1,050
Explanation
$8,500 × 0.10 = $850 maintenance oversight fee.
Related Kansas Real Estate Math Questions
- A 5-acre Kansas parcel sells for $87,120. What is the price per square foot?
- A Kansas home's original cost was $150,000. After 15 years with annual appreciation of 3% (simple), what is its estimated value?
- A Kansas buyer puts 10% down on a $280,000 home. The lender charges 2 points on the loan. How much are the points?
- A home sells for $350,000. The seller pays a 5.5% commission. How much does the seller net before other closing costs?
- A Kansas property sells for $175,000. The commission rate is 6%. What is the total commission?
- A Kansas property has potential gross income of $54,000. Vacancy loss is 5%. What is the effective gross income?
- A property in Wichita has an assessed value of $25,300 (residential at 11.5% of market value) and a mill levy of 120 mills. What are the annual property taxes?
- A property's NOI is $36,000 and the cap rate is 8%. What is the estimated value using the income approach?
Practice More Kansas Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Kansas Quiz →